❇️Structure
* Key visible levels:
* Immediate resistance ~180–183 (upper channel / recent swing rejection)
* Support zone around 170 (prior consolidation area)
* Higher resistance / target near ~198 if momentum flips
⛔️ Short on Rejection (continuation)
* ✅Entry: Bearish rejection at upper trendline (around 180–183), especially if RSI shows divergence and price fails to break EMAs
* 🔺Stop: Above 187–190 (invalidation of rejection zone)
* 🎯Target: 170 initial, then 160 if channel holds and liquidity below is swept
* Confirmation: Enhanced if volume increases on the drop
✴️ My POV:
* If bulls reclaim the upper trendline with conviction, expect a retrace toward the mid/upper 190s, filling the FVG and testing higher resistance.
* If rejection holds and volume favors sellers, a drop back to 170 (and potentially a liquidity sweep below to ~165–160) is likely before any bounce.
⭕️Risk Management
* Risk no more than 1–2% of capital per trade.