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$ADA (1h) - Short Rejection
Bias: Short
Entry (Zone): 0.1645 - 0.1665
Targets:
TP1: 0.1620
TP2: 0.1595
TP3: 0.1565
Stop Loss: 0.1692
Why this Setup:
I’m looking for a short rejection as price into the 0.165 area stalls near the recent intraday recovery highs. I want to see sellers defend this zone and drive a move back toward the nearby support levels if momentum fades.