Rejection from Supply Zone – Range Breakdown Setup

Apr 1

Price is moving within a clear range, with a strong **supply/resistance zone near the top (around 91–92)** and support below near **78–80**. After multiple attempts to push higher, price shows **rejection from the upper zone**, forming lower highs and losing bullish momentum.

The structure suggests **distribution** at the top, where sellers are stepping in aggressively. The inability to break and hold above resistance indicates a potential **shift toward bearish control**.

If price continues to respect this supply zone, we can expect a **downward move toward liquidity resting below support**.

**Target:**

* **Primary Target:** 80.00
* **Extended Target:** 78.00 (range low / liquidity zone)

**Bias:** Bearish below resistance zone

**Simple Mindset (Short):**
Selling from resistance, targeting range lows with bearish momentum confirmation.

Apr 1

Trade active

Active Active

Apr 2

Trade closed: target reached

my given target has been successfully achieved