Entry: $1.205–$1.220
Stop-Loss: $1.250
TP1: $1.175
TP2: $1.145
TP3: $1.110
The $1.20 area is under pressure after a notable long liquidation. If price fails to reclaim $1.22 and continues printing lower highs, sellers may target the next liquidity zones below.
⚠️ Invalidation: A sustained break above $1.250 invalidates the short thesis.
Keep position size moderate and wait for confirmation around the entry zone.
