$REI /USDT BEARISH PULLBACK – SELL PRESSURE AFTER STRONG SPIKE ⚠️
REI touched a high of $0.01808 but quickly rejected, dropping back to $0.01742. The sharp wick on the 15m chart signals heavy selling at the top, and consecutive red candles show weakness. If price fails to hold above $0.01730, further downside toward key supports is likely in the short term.
Trade Setup:
Entry Zone (Short): $0.01740 – $0.01755
Take Profit 1: $0.01710
Take Profit 2: $0.01685
Take Profit 3: $0.01660
Stop Loss: $0.01810
Market Outlook:
Bulls lost momentum after the sharp spike, giving control back to sellers. A breakdown under $0.01730 would confirm bearish continuation, while reclaiming $0.01780 would neutralize downside pressure. Short-term bias leans bearish.
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