$RE SHOWS EXHAUSTION SIGNS AT KEY RESISTANCE STRUCTURE 📉
Entry: 0.605 - 0.63 🔥
Target: 0.58, 0.57, 0.55 🚀
Stop Loss: 0.65 ⚠️
The price action on $RE is currently testing a significant supply zone, showing clear signs of momentum stalling on the lower timeframes. With the current structure failing to establish a higher high, the probability of a liquidity grab to the downside increases.
We are observing a rejection pattern forming near the 0.63 level, suggesting that sellers are stepping in to defend the recent highs. A clean break below 0.605 would confirm the shift in market sentiment. Do you see this as a reversal or a temporary pullback?
Not financial advice. Always manage your risk.
#RE #ShortSetup #MarketStructure #TradingStrategy
🎯
Entry: 0.605 - 0.63 🔥
Target: 0.58, 0.57, 0.55 🚀
Stop Loss: 0.65 ⚠️
The price action on $RE is currently testing a significant supply zone, showing clear signs of momentum stalling on the lower timeframes. With the current structure failing to establish a higher high, the probability of a liquidity grab to the downside increases.
We are observing a rejection pattern forming near the 0.63 level, suggesting that sellers are stepping in to defend the recent highs. A clean break below 0.605 would confirm the shift in market sentiment. Do you see this as a reversal or a temporary pullback?
Not financial advice. Always manage your risk.
#RE #ShortSetup #MarketStructure #TradingStrategy
🎯