Candlestick Structure $REZ

$REZ After rebounding from strong support 0.00696, the price failed to break resistance 0.00865–0.00879.

Currently, the price is testing the MA-7 zone from below, showing slight selling pressure.

If support 0.00809 breaks, the price could drop to:

Support 1: 0.00744

Support 2: 0.00696 (previous bottom structure)

📊 Volume & Sentiment:

REZ volume is high (719.66M), but mostly driven by previous selling action.

Neutral-light bullish sentiment:

Buy: 60.23%

Sell: 39.77%

⚠️ Macro Trend Still Negative:

Decline:

7 days: -5.80%

30 days: -37.37%

180 days: -76.18%

1 year: -91.33%

Indicating that despite a small recovery, overall REZ is still in a major bearish trend.

🎯 Potential Strategy:

🚨 Bearish Scenario (if breakdown 0.00809):

Entry: when 4-hour candle closes < 0.00809

SL: 0.00850

Target: 0.00744 → 0.00696

✅ Bullish Scenario (rebound from 0.0080):

Speculative Entry: 0.00805–0.00810

Tight SL: 0.00790

Target: 0.00865 – 0.00890

🔍 Conclusion $REZ

REZ/USDT is forming a consolidation after a technical rebound, but it is not strong enough to continue an upward trend.

Breakdown 0.00809 → strong sell signal again

Momentum can only turn positive if it successfully breaks through 0.00890–0.00930 on high volume.