📉 $RE – Dead cat bounce rejected hard.
Price 0.8199, below EMA/MA99 (0.8450) – bearish structure. 24h high 1.0344 rejected massively. RSI 52 – neutral, no momentum. Volume moderate (USDT 52.57M).
Key levels:
· Resistance: 0.8450 – reclaim needed for bullish reversal.
· Support: 0.8028 – break below = more downside.
Verdict:
Dead cat bounce. Short-term bearish bias until reclaims 0.845. Avoid longs.
#RE #deadcatbounce #BinanceSquare
Price 0.8199, below EMA/MA99 (0.8450) – bearish structure. 24h high 1.0344 rejected massively. RSI 52 – neutral, no momentum. Volume moderate (USDT 52.57M).
Key levels:
· Resistance: 0.8450 – reclaim needed for bullish reversal.
· Support: 0.8028 – break below = more downside.
Verdict:
Dead cat bounce. Short-term bearish bias until reclaims 0.845. Avoid longs.
#RE #deadcatbounce #BinanceSquare