🚨 $REQ Strategy: The Blow-off Top Fade
The retail FOMO pushed REQ to $0.18, but the "Smart Money" distribution has already started. I am sniping the re-entry on the short side to catch the inevitable flush back to structural support.
Entry Zone: $0.1150 – $0.1250 (Fading the relief bounce)
TP1: $0.0990 (MA-25 Support)
TP2: $0.0880 (Structural Liquidity)
TP3: $0.0760 (MA-99 / Base Re-accumulation)
Stop Loss: $0.1380 (Daily close above the local lower high)
Trade Logic:
The chart shows a classic "Blow-off Top" at $0.1800 followed by a high-volume reversal candle. Price is currently trading below the MA-7 ($0.1325), indicating that the short-term trend has flipped bearish. With a 24h volume of $126M on a low-cap asset, the liquidity is drying up, and the path of least resistance is a markup-to-markdown transition toward the $0.09 support zone.
#REQ #RequestNetwork #TalhaSniper #BinanceSquare #smartmoney
