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$SOON (1h) - Supply Rejection Short
Bias: Short
Entry (Zone): 0.1780 - 0.1840
Targets:
TP1: 0.1700
TP2: 0.1610
TP3: 0.1520
Stop Loss: 0.1915
Why this Setup:
I’m seeing price trade back into a supply pocket after a sharp impulse and the follow-through has started to compress. The latest highs are struggling to extend, which tells me buyers are losing momentum near resistance. I want to fade this move if the market rejects the zone and rolls back into the prior range, with room for a deeper retracement toward the lower supports.