$REQ /USDT BEARISH SHORT SETUP🔴🚦
REQ/USDT shows signs of a bearish continuation as price struggles to break above the 0.1280 resistance level. A rejection here could push the pair lower towards key support zones.
Trade Idea:
Entry (Short): 0.1240 - 0.1260 zone
Take Profit (TP): 0.1210 / 0.1190
Stop Loss (SL): 0.1285
Technical Rationale:
Price is facing resistance near 0.1280
Lower highs forming on the 1H/4H chart indicate selling pressure
Bearish momentum confirmed with slight negative candle wicks
Risk Management:
Risk no more than 1-2% of trading capital per trade. Keep SL tight and monitor for reversal candlestick patterns.
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