$PTB — Supply Rejection | Short Continuation Setup
$PTB is showing clear signs of weak upside acceptance after a corrective bounce. Price has pushed directly into a sell-heavy supply zone and stalled immediately, with sellers aggressively defending the highs. The lack of follow-through and rolling momentum suggest the bounce is losing steam.
As long as price remains capped below this supply area, the path of least resistance stays to the downside, making short continuation the higher-probability scenario.
Trade Setup (Short):
• Entry Zone: 0.00300 – 0.00310
• Stop-Loss: 0.00325
• Targets:
TP1: 0.00285
TP2: 0.00265
TP3: 0.00245
Technical Notes:
• Rejection from key supply zone
• Sellers stepping in on highs
• Weak momentum and no bullish acceptance
• Manage risk and scale profits at targets
👇 Trade $PTB here
