BREAKING: $1.101K SHORTS LIQUIDATED on $REI at $0.02191!
The Bears tried… and FAILED!
The price of REI Network ($REI ) just torched over $1,100 worth of short positions in seconds — the setup is screaming potential breakout.
Technical Breakdown:
Buy Zone:
$0.02020 – $0.02160
(Perfect demand zone with support confluence + historical bounce area)
Aligns with Fib retracement 0.618 from last swing low + rising trendline support.
Targets:
Target 1: $0.02320
(Minor resistance + high-volume node)
Target 2: $0.02470
(Breakout from previous consolidation range)
Target 3: $0.02690
(Major liquidity zone — if momentum continues, this could get hit fast)
Stop Loss:
$0.01970
(Just below structure low — invalidates bullish thesis if broken)
Key Insights:
Liquidation at $0.02191 signals shorts trapped and squeezed.
Momentum indicators flashing green:
1H RSI bouncing from oversold
4H MACD bullish crossover
Formation of an Ascending Triangle on the 4H chart — breakout watch is ON!
Volume Surge Watch:
If volume spikes above $0.02250, expect bulls to charge hard and fast.
Conclusion:
$REI just played the classic trap — short sellers got baited, and the bulls have a real shot here. If you're waiting for a sign, this retest into the buy zone might be your golden entry.
The squeeze is on. The momentum is real. Keep your radar on $REI.
