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$CLO | 1h | Bearish Rejection Continuation
Bias: Short
Entry Zone: 0.2230 to 0.2270
Stop Loss: 0.2360
Targets:
TP1: 0.2140
TP2: 0.2050
TP3: 0.1960
Invalidation:
Close above 0.2360
Why This Setup:
I see a strong rejection from the recent swing high followed by continued lower highs and heavy sell pressure. As long as price stays below the breakdown area, I expect a retest-and-fail move lower toward the prior demand zones.