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$PUMP | 1h | Rejection Short
Bias: Short
Entry Zone: 0.001620 to 0.001650
Stop Loss: 0.001675
Targets:
TP1: 0.001590
TP2: 0.001560
TP3: 0.001520
Invalidation:
Close above 0.001675
Why This Setup:
I’m fading the sharp impulse into resistance after a parabolic move and failed continuation near the highs. I want a rejection back into the prior breakout area where momentum can unwind.