Range high rejection with short term bearish pressure building

$HOME Short

Trade Plan

Entry $0.0277 to $0.0282

Stop Loss $0.0289

TP1 $0.0270

TP2 $0.0262

TP3 $0.0250

Why this setup

Price failed to sustain above $0.0285 resistance and printed consecutive rejection wicks on the 1H chart. Structure shows a lower high forming with momentum shifting below $0.0280. As long as price remains under $0.0285 sellers have room to push toward $0.0270 liquidity and deeper support near $0.0262.

Reclaim of $0.0289 invalidates bearish bias and signals continuation toward range highs.

Debate

Is this a simple pullback inside a larger uptrend or the beginning of a broader range breakdown

Buy and Trade $HOME

HOMEUSDT

Perp

0.027624

-2.28%