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$MANTRA | 1h | Breakdown Retest Short
Bias: Short
Entry Zone: 0.00705 to 0.00720
Stop Loss: 0.00755
Targets:
TP1: 0.00685
TP2: 0.00660
TP3: 0.00630
Invalidation:
Close above 0.00755
Why This Setup:
I see a sharp spike into resistance followed by a fast rejection and fading momentum. I want the continuation short as long as price stays below the reclaimed breakout area and fails to hold above the local highs.