$OPEN

I’m not chasing this long.

Structure suggests the first leg of hype is done, and sellers are starting to lean in. As long as $1.55 stays capped, bias leans short.

Short Zone: $1.28 – $1.35

Targets:

→ $1.05

→ $0.85

→ $0.65 (extension)

Stop Loss: $1.55

This is a pure momentum retrace play, only valid while $1.55 remains unbroken.