$RPL 15m impulse into 2.70 followed by rejection and compression under 2.55 resistance.
Trade Direction:
Short (bearish intraday pullback)
Entry:
2.48 – 2.53
Stop Loss:
2.62
TP1:
2.38
TP2:
2.30
TP3:
2.20
Explanation
Price swept liquidity above 2.65–2.70 and immediately rejected, leaving a clear upper wick and failure to hold highs. Since the spike, structure shifted to lower highs with sellers defending 2.55. The bounce attempts are shallow and volume is fading, showing reduced buyer follow-through. If 2.38 gives way, it exposes the prior demand pocket near 2.30 and potentially the origin of the move around 2.20. A reclaim and hold above 2.62 would invalidate the short idea.
Final execution note.
I sell into minor strength within the entry zone and reduce risk once price trades below TP1.
RPL
2.16
-7.69%