Rejection from the range high with momentum starting to shift downward — a clean short setup is developing.
$1000CAT Short Setup
Entry Zone: $0.00190 – $0.00193
Stop Loss: $0.00202
Targets:
TP1: $0.00186
TP2: $0.00182
TP3: $0.00178
Why this setup makes sense:
Price is facing repeated rejection near the $0.00200 resistance level. On the 1H timeframe, lower highs are forming, showing weakness in structure. After a distribution phase, bearish momentum is clearly building, which supports a continuation to the downside.
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