🚨 $REX BEARISH PULLBACK WATCH – SHORT-TERM SELL PRESSURE LOOMING
After a sharp +15.62% rally, $REX is showing early signs of exhaustion at intraday resistance near $0.01028. With volume starting to decline and price struggling to maintain momentum above MA(5), a short-term correction looks increasingly probable.
🔑 Key Levels
Resistance: $0.01020 – $0.01028
Support: $0.00959 (immediate), then $0.00889
Current Price: $0.01024
📊 Trade Setup (Short):
Entry Zone: $0.01020 – $0.01028
Take Profit 1: $0.00960
Take Profit 2: $0.00890
Stop Loss: $0.01060
💡 Short Market Outlook:
$REX is overheated after a strong pump, with price rejecting around upper resistance levels and nearing overbought conditions. If it fails to hold above $0.01010, expect a deeper retracement toward the $0.00950 – $0.00890 zone. Volume is not supporting further upside at current levels.
⚠️ Risk Management:
Keep position sizing to 2–3% of total capital
Stop-loss above local highs at $0.01060 is essential
Avoid revenge trades; wait for breakdown confirmation under $0.01000
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