$IR — Rejection from Resistance | Lower High Forming 🔻
IR is showing rejection near resistance with a lower high structure forming.
Momentum looks weak at the top, suggesting sellers may be preparing for a continuation to the downside.
📊 IR — SHORT Setup
🔹 Entry Zone:
0.0455 – 0.0465
🛑 Stop Loss:
0.0485
🎯 Take Profit Targets:
TP1: 0.0440
TP2: 0.0425
TP3: 0.0410
🔎 Why This Setup Looks Bearish
✔ Rejection from resistance zone
✔ Lower high structure forming
✔ Weak momentum near top
✔ Sellers stepping in after push
Key Level to Watch:
📍 0.0465 — Hold below = downside continuation
📍 0.0485 — Break = setup invalidation
🧠 Trader Insight
Rejections after small rallies often signal trend continuation, not reversal.
If sellers keep defending resistance, downside toward 0.0425+ becomes increasingly likely.
Trade hare 👇$IR
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