Trading Plan Short $RE
$RE just flushed below the EMA21 on the 1h, rejecting the daily resistance level.
Entry: $0.7100-$0.7300
Stoploss: $0.7550
Targets: $0.6700 / $0.6250 / $0.5800
RE just couldn't hold the daily resistance at $0.72. The 1h shows a clear rejection, and now we're trading below the EMA21. Funding is brutally negative, shorts are piled in, but OI is bleeding hard, meaning a lot of those shorts are getting flushed. This looks like a relief pump to trap more longs before the real move down. If RE reclaims $0.7450, this short is off.
Trade $RE here👇
$RE just flushed below the EMA21 on the 1h, rejecting the daily resistance level.
Entry: $0.7100-$0.7300
Stoploss: $0.7550
Targets: $0.6700 / $0.6250 / $0.5800
RE just couldn't hold the daily resistance at $0.72. The 1h shows a clear rejection, and now we're trading below the EMA21. Funding is brutally negative, shorts are piled in, but OI is bleeding hard, meaning a lot of those shorts are getting flushed. This looks like a relief pump to trap more longs before the real move down. If RE reclaims $0.7450, this short is off.
Trade $RE here👇