$ANTHROPIC Short Setup 1h Chart🔴
🔶 Supply zone rejection
Price made lower highs under the falling trendline and then one strong green candle broke above it. That push ran straight into the supply zone near 1414 to 1435 where sellers acted before. The breakout has not closed above the zone yet so it can turn out to be a fake breakout. If price retests 1431 and gets rejected a drop back to the trendline near 1398 and then 1382 is likely. A close above 1445 breaks the setup.
🔴Short Entry 1431.10
✅ Take Profits
TP1 1414.00
TP2 1398.00
TP3 1381.86
❌ Stop Loss 1445.55
#anthropicipo
🔶 Supply zone rejection
Price made lower highs under the falling trendline and then one strong green candle broke above it. That push ran straight into the supply zone near 1414 to 1435 where sellers acted before. The breakout has not closed above the zone yet so it can turn out to be a fake breakout. If price retests 1431 and gets rejected a drop back to the trendline near 1398 and then 1382 is likely. A close above 1445 breaks the setup.
🔴Short Entry 1431.10
✅ Take Profits
TP1 1414.00
TP2 1398.00
TP3 1381.86
❌ Stop Loss 1445.55
#anthropicipo
