๐ $REI /USDT โ Brewing Momentum or Another Fade? ๐ง๐
After bottoming at $0.01596, $REI has made a modest bounce and is now trading at $0.01690, pushing above the 7MA ($0.01675) and 25MA ($0.01682). However, the price is still flirting with the 99MA ($0.01748) โ the key resistance for a trend reversal.
๐ Technical View: โข Price recovering in a rising structure with higher lows
โข Short-term MAs (7 & 25) aligning bullishly
โข 99MA remains a ceiling โ a close above it could shift sentiment
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๐ Short-Term Trade Setup:
โข Entry: $0.01680 โ $0.01700
โข TP1: $0.01745
โข TP2: $0.01790
โข SL: $0.01620
๐ Breakout Trade Idea (Above MA99):
โข Entry: $0.01755+
โข TP1: $0.01820
โข TP2: $0.01880
โข SL: $0.01700
๐ Watch Volume: A strong breakout above $0.0175 with momentum could trigger a trend shift. Otherwise, this may stay range-bound.
#SaylorBTCPurchase #TrumpBTCTreasury #MarketRebound #CardanoDebate #IsraelIranConflict $REI