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$VIC (1h) - Rejection Short
Bias: Short
Entry (Zone): 0.0625 - 0.0640
Targets:
TP1: 0.0585
TP2: 0.0550
TP3: 0.0505
Stop Loss: 0.0672
Why this Setup:
I’m looking for a fade after the sharp impulse into resistance, since price is stretched and likely needs a rejection before continuing lower. I want confirmation from a failed push above the recent highs, then I’ll target the prior consolidation and the next demand zones below.