$REZ | Bulls are losing momentum.
Is a short about to play out? ๐
๐ After a strong rejection from 0.002579 sellers stepped back in and pushed price below the short term trend.
๐ Every recovery attempt has been weaker than the last, suggesting buyers are struggling to regain control.
Here's what I'm watching:
๐น Price: 0.00235158
๐น RSI(14): 49.8 (Neutral leaving room for another move lower)
๐น EMA20 has crossed below EMA50 (signaling bearish momentum)
๐น Volume faded after the spike showing buying pressure is cooling.
Trade Setup ๐
๐ Entry: 0.00233928 โ 0.00236277
๐ Stop Loss: 0.00248091
๐ฏ TP1: 0.00223084
๐ฏ TP2: 0.00215038
๐ฏ TP3: 0.00206388
Why I'm leaning bearish:
โข Strong rejection from intraday highs.
โข Lower highs forming after the spike.
โข Bearish EMA crossover.
โข Weak follow through from buyers.
๐ฅ ๐ฅ ๐ฅ No setup is guaranteed. Manage your risk and never trade without a stop loss.
$REZ $BTC #BinanceSquareFamily #BTCโ #REZUSDT