$REQ / USDT – Analysis & Trade Plan 🚀
The market is showing some heavy volatility for Request (REQ). After a massive pump to $0.1800, the price is currently cooling down. Here is a simple breakdown of what’s happening and how you can play it.
🔍 What the Chart is Telling Us
• The Trend: The price is currently in a "correction" phase. It moved up very fast, and now some traders are selling to take profits, which is why we see those red candles.
• Moving Averages (MA): The price has dropped below the MA(7) (yellow line), showing short-term weakness.
• However, it is still well above the MA(25) (purple line) and MA(99) (pink line), which means the longer-term trend is still technically "up."
• MACD: The momentum is still positive, but the green bars are getting smaller, suggesting the buying pressure is slowing down for now.
💡 The Trade Setup
If you are looking to enter, it’s often better to wait for a "dip" at a strong support level rather than buying while the price is falling.
• Entry Zone: $0.0950 – $0.1050 (Near the MA25 purple line where buyers usually step back in).
• Target 1 (TP1): $0.1300
• Target 2 (TP2): $0.1550
• Target 3 (TP3): $0.1800 (Recent High)
• Stop Loss (Protection): $0.0880 (If it falls below this, the trend has changed).
⚠️ Quick Tip for Beginners
Don't let FOMO (Fear of Missing Out) drive your trades. When a coin is already up +65%, the risk of a pullback is high. Always wait for a stable entry point and never trade more than you can afford to lose.
What do you think about $REQ? Is it going back to $0.18 soon? Let me know below! 👇
#req #cryptotrading #BinanceSquare #TechnicalAnalysis #RequestNetwork
