$RE Just Dropped 39% From Its High — RSI Hit Oversold and I'm Watching the 0.6284 Floor 🔍
New tokens bleed hard and RE is no exception — from 1.0410 down to 0.6284 in one session. Brutal.
But RSI is now at 32, sitting in oversold territory, and volume is drying up fast.
When selling volume collapses at oversold RSI on a new token, I pay attention.
My Trade Plan:
📥 Entry Zone: 0.6284 – 0.6500 (oversold floor)
🎯 Target 1: 0.7476
🎯 Target 2: 0.8801
🛑 Stop Loss: 0.5900 (below all structure)
This is high risk — new token, no EMA200, no history. I'm sizing very small and only entering on RSI hook above 35.
DYOR | NFA