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$GWEI (1h) - Rejection Short
Bias: Short
Entry (Zone): 0.1160 - 0.1205
Targets:
TP1: 0.1095
TP2: 0.1020
TP3: 0.0955
Stop Loss: 0.1268
Why this Setup:
I’m treating this as a rejection short because the rally into the crowded upper zone has started to lose momentum, and buyers are struggling to extend beyond the recent highs. I want to fade the move if price keeps stalling under resistance, since that kind of price action often marks supply stepping in and can lead to a deeper retrace.