Potential bearish set up on the 1 hour chart
Consider entering a short position if the price shows signs of rejection at the resistance area. This trade setup anticipates a move down towards the lower end of the channel, with a stop-loss above the resistance. Keep in mind that this is a short-term setup, and price action should confirm any entry.
This is a technical view and should be used alongside other analysis methods and risk management strategies.
This is a technical view and should be used alongside other analysis methods and risk management strategies.
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