$REI /USDT – Bearish Move Expected After Rejection From Local Resistance
REI has been declining steadily after failing to hold above the $0.00945–$0.00950 resistance zone. The price has now dropped to $0.00894, forming lower highs and showing clear seller dominance on the short-term timeframe.
This structure suggests a continuation toward lower support levels if bearish momentum remains strong.
Trade Setup
Entry Range: $0.00895 – $0.00920
Target 1: $0.00865
Target 2: $0.00840
Target 3: $0.00820
Stop Loss (SL): $0.00955
Short Outlook of Market
REI remains under selling pressure after repeated failures to reclaim the upper resistance band. If the price drops below $0.00880, bearish momentum is likely to accelerate toward $0.00840–$0.00820.
Only a breakout above $0.00955 would negate the bearish view and shift positioning back toward the $0.00980–$0.0100 range.
Until then, the chart structure favors continued downward movement.
If you'd like, I can also prepare a bullish reversal scenario or a quick scalping strategy for REI.
buy and trade here on $REI
