Trading Plan Long $RE
$RE just popped the 1H Bollinger Band upper, looks like a short squeeze is building.
Entry: $0.6550-$0.6750
Stoploss: $0.6270
Targets: $0.6970 / $0.7300 / $0.7850
RE pushed past the upper BB after a nasty funding flip to extreme negative, shorts are piled in and paying crazy. OI is bleeding 7.3% as they get squeezed, and top traders are heavily long, anticipating this unwind. I like this setup for a quick move up. Losing $0.6270 invalidates the short squeeze thesis.
Trade $RE here 👇
$RE just popped the 1H Bollinger Band upper, looks like a short squeeze is building.
Entry: $0.6550-$0.6750
Stoploss: $0.6270
Targets: $0.6970 / $0.7300 / $0.7850
RE pushed past the upper BB after a nasty funding flip to extreme negative, shorts are piled in and paying crazy. OI is bleeding 7.3% as they get squeezed, and top traders are heavily long, anticipating this unwind. I like this setup for a quick move up. Losing $0.6270 invalidates the short squeeze thesis.
Trade $RE here 👇