🚨🚨 Hey Guy's......Listen to meh...just a minute.....$RE rolled over after the explosive spike and never managed to rebuild bullish structure. Every recovery attempt has been met with selling pressure, keeping the trend tilted to the downside.
$RE Trading Plan (Short)
Entry: $0.8300 & $0.8500
SL: $0.8850
TP: $0.7900, $0.7500, $0.7100
The initial parabolic move above 1.00 attracted aggressive profit-taking, and since then the chart has been printing a sequence of lower highs and lower lows. Recent bounces have lacked conviction and failed to reclaim key resistance zones.
Current price action is compressing near support, but buyers are not showing enough strength to reverse the broader downtrend. The latest rejection near 0.85 reinforces the bearish bias and keeps downside targets in play.
A relief bounce into resistance would offer a cleaner risk-to-reward entry than chasing weakness at support. As long as price remains below the recent swing-high region, sellers retain control.
If $RE reclaims 0.8850 and starts holding above that level, the short setup is invalidated.
$RE Trading Plan (Short)
Entry: $0.8300 & $0.8500
SL: $0.8850
TP: $0.7900, $0.7500, $0.7100
The initial parabolic move above 1.00 attracted aggressive profit-taking, and since then the chart has been printing a sequence of lower highs and lower lows. Recent bounces have lacked conviction and failed to reclaim key resistance zones.
Current price action is compressing near support, but buyers are not showing enough strength to reverse the broader downtrend. The latest rejection near 0.85 reinforces the bearish bias and keeps downside targets in play.
A relief bounce into resistance would offer a cleaner risk-to-reward entry than chasing weakness at support. As long as price remains below the recent swing-high region, sellers retain control.
If $RE reclaims 0.8850 and starts holding above that level, the short setup is invalidated.