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$CAP | 1H | Resistance Rejection Short
Bias: Short
Entry Zone: 0.0338 to 0.0345
Stop Loss: 0.0362
Targets:
TP1: 0.0320
TP2: 0.0305
TP3: 0.0288
Invalidation:
Close above 0.0349
Why This Setup:
I see price extending into the same overhead supply area after a sharp impulse, with repeated rejections and a wick into the recent high. I’m looking for a failure to hold above resistance and a pullback toward the prior breakout zones where liquidity sits.