$BABY

Setting up a downward retracement for stock $BABY after it was rejected at the highest local price❗ Stock $BABY rose to a peak of $0.11274, but it couldn't hold, and it is now retracing from its highest price, indicating a potential for a sell trade.

If momentum remains weak, traders may look to the $0.10550-$0.10650 area as an entry point.

Trading Plan:

Entry: $0.10550-$0.10650

Profit Target 1: $0.10200

Profit Target 2: $0.09800

Profit Target 3: $0.09450

Stop Loss: Above $0.11100

Trading volume is starting to decline, and resistance at $0.112 remains firm. We recommend selling on rejection wicks for high R:R setups.