ai16z
Short

Short Setup at Resistance – Watching 0.1293 Rejection

40
Price recently tested the 0.1293 resistance and showed strong rejection, forming a possible short opportunity.

Entry Zone: 0.1264 (after rejection)

Stop Loss: 0.1293 (above resistance)

Target Zone: 0.1210

Risk/Reward: ≈ 1:1.6

Why Short?

Price extended into a strong resistance zone.

Rejection candle + wick shows sellers stepping in.

Momentum slowing after a strong rally.

📊 Plan: If price closes below 0.1264, I’ll look for continuation down toward 0.1210.
⚡ Partial profits possible near 0.1239 to secure gains.

💡 Always manage risk: trade small, stick to your stop, and adjust as market develops.

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