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$PIPPIN (1h) - Short
Bias: Short
Entry (Zone): 0.0286 - 0.0294
Targets:
TP1: 0.0274
TP2: 0.0261
TP3: 0.0248
Stop Loss: 0.0312
Why this Setup:
I see the rally pressing into resistance after a stretched move, and the current structure still looks like momentum is compressing rather than breaking cleanly higher. I want to fade rejection in this zone because sellers have already started defending the upper range, and a failure to reclaim the recent highs could open the door to a broader retrace lower.