bounce toward 4–4.50 is the short scale-in area.
EDHL is targeted for a short if it bounces toward 4.00–4.50, implying rallies should fail on this setup.
The watch-list trade states “ideally a bounce” toward 4, 4.20, and 4.50, followed by scaling in short. The setup treats EDHL as having downside after a corrective pop rather than sustaining upside momentum.
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