Why this setup? 4H chart signals a high-confidence SHORT. RSI on the 15m is overbought at 71.77, suggesting a local top. The 1D trend is range-bound, and price is at the upper boundary of the 4H entry zone (0.2167 - 0.2199). A rejection here targets TP1 at 0.2089.
Debate: Is this the rejection from the range high, or will the bulls force a breakout?
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