🚨 WATCH out for $REI /USDT, folks! 🚨
This pair is showing an interesting movement. The price has had a significant rally recently, but it seems to be in a consolidation phase right now. The taker buy volume peaked at 07:35, indicating some bullish interest, but then the overall volume has been decreasing.
If we look at the chart, the key support seems to be around $0.01720 - $0.01750. If the price holds there, we could see an attempt at recovery. However, the immediate resistance is in the $0.01850 - $0.01900 range. If it can break this resistance strongly, we might see a movement towards $0.02000 or even beyond, aiming for the recent high at $0.02063.
But be careful, the Long/Short average is quite balanced and in the last few minutes, there have been more short accounts. This could mean that the market is expecting a pullback or a correction. If the support does not hold and the price falls below $0.01720, we could be looking for liquidity lower down, perhaps in the $0.01650 range.
For now, the scenario seems more about waiting and confirmation. It doesn't seem like a clear entry for an aggressive long at this moment unless we see a confirmed breakout with good volume. If there is a clean retest of the support followed by a bounce, it could be a good signal. Manage your risk, patience is key!
