$RE BEARISH STRUCTURE PERSISTS AS RECOVERY ATTEMPTS FAIL AT KEY RESISTANCE 📉
Entry: 0.8100–0.8250 🔥
Target: 0.7850, 0.7600, 0.7250 🚀
Stop Loss: 0.8450 ⚠️
The price action for $RE shows a clear lack of demand at higher levels, with recent attempts to reclaim the 0.8450 zone resulting in immediate rejection. This failure to sustain momentum indicates that sellers remain in control, effectively pinning the asset beneath overhead supply.
We are currently monitoring the 4H timeframe for a clean break below the immediate support floor. If the current liquidity pool is tapped and fails to hold, the path toward the lower targets becomes the path of least resistance.
Are you looking for a breakdown or a reclaim of the resistance?
Not financial advice. Always manage your risk.
#RE #ShortSetup #MarketStructure #TechnicalAnalysis
🎯
Entry: 0.8100–0.8250 🔥
Target: 0.7850, 0.7600, 0.7250 🚀
Stop Loss: 0.8450 ⚠️
The price action for $RE shows a clear lack of demand at higher levels, with recent attempts to reclaim the 0.8450 zone resulting in immediate rejection. This failure to sustain momentum indicates that sellers remain in control, effectively pinning the asset beneath overhead supply.
We are currently monitoring the 4H timeframe for a clean break below the immediate support floor. If the current liquidity pool is tapped and fails to hold, the path toward the lower targets becomes the path of least resistance.
Are you looking for a breakdown or a reclaim of the resistance?
Not financial advice. Always manage your risk.
#RE #ShortSetup #MarketStructure #TechnicalAnalysis
🎯