Entry Point: Near the current resistance zone around 170.750.
Stop Loss (SL): Above the resistance trendline, possibly around 172.500 (conservative) or 173.000 (aggressive buffer).
Target (TP): The identified demand zone near 165.500 or further down near 164.000.
This setup follows a potential breakout rejection strategy with a bearish bias. Let me know if you need more precise risk management details or additional insights.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.