🐂 REQ/USDT Trade: Why I Entered a Buy
I opened a buy position on Request Network - REQ today, and these are the reasons behind my decision after tracking it:
1. Momentum is back strong
REQ broke out with massive volume after a long accumulation phase. Volume is the real fuel for any rally. When I see 108M REQ traded in 24 hours, I know big players are in. This move wasn’t random.
2. Breakout of a historical accumulation zone
The coin was trapped between $0.09 and $0.11 for weeks. Breaking out with a strong candle means market behavior changed. The rule says: the longer the accumulation, the stronger the breakout. That’s exactly what happened.
3. Buyers are controlling the order book
When I check the order book and see 60% bids vs 40% asks, the picture is clear. Demand is higher than supply, which supports continuation of the short-term bullish wave for traders.
4. Solid risk-to-reward setup
After the pump, price came back to retest the breakout zone at $0.14 as support and held above it. That gives me a clear, tight stop loss level, with the first target at the previous high $0.18 and second target extended to $0.217. The R:R is worth it for a trader.
5. The REQ project is worth watching
Beyond the chart, Request Network is working on crypto payment and invoicing solutions. Payments is one of the strongest sectors that could explode with corporate crypto adoption. So you’re speculating on a coin with real utility.
Trade plan:
Entry around $0.15 - $0.16, stop loss on a close below $0.138, targets $0.18 then $0.217. Capital management first: not risking more than 2% of the portfolio.
Important disclaimer: This is my personal opinion and analysis of my own experience only, not financial advice. Crypto is extremely volatile and REQ specifically has violent moves after +100% pumps. It can correct hard at any moment. Consult a licensed financial advisor and only invest what you can afford to lose.
Who’s in REQ with me? Or are you waiting for a dip? Share your plan 👇
#REQ #Binance #Crypto #TechnicalAnalysis #Trading
$REQ
I opened a buy position on Request Network - REQ today, and these are the reasons behind my decision after tracking it:
1. Momentum is back strong
REQ broke out with massive volume after a long accumulation phase. Volume is the real fuel for any rally. When I see 108M REQ traded in 24 hours, I know big players are in. This move wasn’t random.
2. Breakout of a historical accumulation zone
The coin was trapped between $0.09 and $0.11 for weeks. Breaking out with a strong candle means market behavior changed. The rule says: the longer the accumulation, the stronger the breakout. That’s exactly what happened.
3. Buyers are controlling the order book
When I check the order book and see 60% bids vs 40% asks, the picture is clear. Demand is higher than supply, which supports continuation of the short-term bullish wave for traders.
4. Solid risk-to-reward setup
After the pump, price came back to retest the breakout zone at $0.14 as support and held above it. That gives me a clear, tight stop loss level, with the first target at the previous high $0.18 and second target extended to $0.217. The R:R is worth it for a trader.
5. The REQ project is worth watching
Beyond the chart, Request Network is working on crypto payment and invoicing solutions. Payments is one of the strongest sectors that could explode with corporate crypto adoption. So you’re speculating on a coin with real utility.
Trade plan:
Entry around $0.15 - $0.16, stop loss on a close below $0.138, targets $0.18 then $0.217. Capital management first: not risking more than 2% of the portfolio.
Important disclaimer: This is my personal opinion and analysis of my own experience only, not financial advice. Crypto is extremely volatile and REQ specifically has violent moves after +100% pumps. It can correct hard at any moment. Consult a licensed financial advisor and only invest what you can afford to lose.
Who’s in REQ with me? Or are you waiting for a dip? Share your plan 👇
#REQ #Binance #Crypto #TechnicalAnalysis #Trading
$REQ