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$ALLO (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.3830 - 0.3850
Targets:
TP1: 0.3782
TP2: 0.3730
TP3: 0.3680
Stop Loss: 0.3920
Why this Setup:
I’m fading the recent bounce into local resistance because price keeps rejecting higher levels and momentum is cooling on the 1h. I want a short from this supply zone with room to rotate back toward the prior support band if sellers stay in control.