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$ARC (1h) - Rejection Short
Bias: Short
Entry (Zone): 0.0750 - 0.0765
Targets:
TP1: 0.0725
TP2: 0.0695
TP3: 0.0665
Stop Loss: 0.0782
Why this Setup:
I’m shorting into the recent spike rejection near the local highs, since price pushed hard into resistance and quickly lost momentum. I want a retrace back into the prior breakout area, with continuation lower if sellers keep control.
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