$REX/USDT BEARISH BREAKDOWN IN PLAY — MOMENTUM STILL FAVORS SELLERS!
After failing to hold the $0.0178 support zone, $REX broke down sharply, forming a strong bearish candle and marking a recent low at $0.015944. The current price action shows weak recovery attempts with lower highs and resistance near $0.0168, confirming bearish pressure is still present.
Trade Setup (Short):
Entry: $0.01660
Take Profit: $0.01560
Stop Loss: $0.01720
Market Outlook:
Bearish trend continuation is likely unless bulls reclaim $0.0172. Until then, every lower high could be a shorting opportunity. Volatility remains high, so tight risk management is crucial.
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