If you're already down 600%+ on $RE , the decision shouldn't be based on hope that it "will rise again someday."
đ Current Structure
Losing the $1 psychological support was a major bearish signal.
The fact that price stayed above $1 and then broke down suggests buyers were exhausted.
Until $1 is reclaimed, rallies are likely to face heavy selling pressure.
đŻ Next Targets
$0.80â$0.85 is the first area bulls need to defend.
If that fails, the market could look toward $0.70.
In a broader risk-off environment, $0.50â$0.60 cannot be ruled out.
#Binance #TradingCommunity
đ€ Should You Cut Losses? Ask yourself one question:
If you had fresh cash today, would you buy $RE at the current price?
If the answer is yes, holding may make sense.
If the answer is no, then holding simply because you're down 600% may not be the best reason.
đĄ Many traders make the mistake of focusing on their entry price. The market doesn't care where you bought. What matters is whether the asset still has a strong bullish thesis and signs of recovery.
đš Key Level to Watch A reclaim of $1 with strong volume would be the first sign that bulls are regaining control. Until then, the trend remains bearish and capital preservation should be a priority.
If you send the current chart or exact price, I can give a more precise support zone and next target levels.
#cryptouniverseofficial
đ Current Structure
Losing the $1 psychological support was a major bearish signal.
The fact that price stayed above $1 and then broke down suggests buyers were exhausted.
Until $1 is reclaimed, rallies are likely to face heavy selling pressure.
đŻ Next Targets
$0.80â$0.85 is the first area bulls need to defend.
If that fails, the market could look toward $0.70.
In a broader risk-off environment, $0.50â$0.60 cannot be ruled out.
#Binance #TradingCommunity
đ€ Should You Cut Losses? Ask yourself one question:
If you had fresh cash today, would you buy $RE at the current price?
If the answer is yes, holding may make sense.
If the answer is no, then holding simply because you're down 600% may not be the best reason.
đĄ Many traders make the mistake of focusing on their entry price. The market doesn't care where you bought. What matters is whether the asset still has a strong bullish thesis and signs of recovery.
đš Key Level to Watch A reclaim of $1 with strong volume would be the first sign that bulls are regaining control. Until then, the trend remains bearish and capital preservation should be a priority.
If you send the current chart or exact price, I can give a more precise support zone and next target levels.
#cryptouniverseofficial