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$HEMI | 1h | Breakdown Rejection
Bias: Short
Entry Zone: 0.00645 to 0.00665
Stop Loss: 0.00705
Targets:
TP1: 0.00610
TP2: 0.00585
TP3: 0.00555
Invalidation:
Close above 0.00705
Why This Setup:
I’m shorting the failed squeeze after a sharp impulsive move into resistance. Price is rejecting the recent spike high and losing momentum, so I’m looking for a retrace back into the prior breakout area with room for continuation lower.