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$AIOT (1h) - Rejection Short
Bias: Short
Entry (Zone): 0.0548 - 0.0562
Targets:
TP1: 0.0522
TP2: 0.0496
TP3: 0.0468
Stop Loss: 0.0598
Why this Setup:
I’m seeing price stall after a sharp push into the highs, and the rejection candles show the move is losing momentum. I want to fade the first weak bounce from this resistance zone and look for a pullback toward the prior support levels.