🚨 $REZ Technical Update: Bearish Signal Emerging! 🔴

$REZ has exhibited an impressive rally, soaring +33.48% to a peak of $0.03148. However, the formation of a bearish hanging man candlestick on the 1-hour timeframe suggests that buying momentum is beginning to fade, while sellers are stepping in to lock in profits. The current price stands at $0.0294, reflecting a +28.89% increase.

Key technical indicators hint at a possible retracement. The Relative Strength Index (RSI) at 73 places $REZ in the overbought zone, which historically signals potential for a pullback. Additionally, trading volume appears to be declining, indicating a slowdown in buying pressure. Should fail to hold above the $0.030 mark, a correction toward $0.025 - $0.022 may unfold as traders take profits. However, if bulls defend critical support levels, the uptrend could regain strength.

Traders should closely monitor price action and apply proper risk management strategies before making any moves. Will this be a short-term dip or the continuation of a strong rally? Share your thoughts below! 📉📈

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