$M sharp pump followed by strong rejection wick

Short $M

Entry: 2.35 – 2.55

SL: 2.90

TP1: 2.20

TP2: 1.99

TP3: 1.80

TP4: 1.65

Why:

Big impulsive move got instantly rejected from highs, showing sellers stepping in hard. These kind of spikes usually retrace as early buyers take profit and momentum cools down.

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MBSC
MUSDT
2.1019
-12.17%