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$NIGHT | 1h | Resistance Rejection Short
Bias: Short
Entry Zone: 0.0316 to 0.0319
Stop Loss: 0.0324
Targets:
TP1: 0.0310
TP2: 0.0302
TP3: 0.0295
Invalidation:
Close above 0.0324
Why This Setup:
I’m leaning short while price holds below the recent local highs and fades into the 0.0318-0.0320 supply area. The move up lost momentum after the breakout, so I’m looking for a rejection back toward the prior support levels.