$RE IS BREAKING DOWN FROM CRITICAL RESISTANCE AGAIN ๐ฏ
Entry: $0.5400 - $0.5500 ๐ฅ
Target: $0.5000 ๐
Stop Loss: $0.5850 โ ๏ธ
$RE has been carving lower highs since the start of the month and the latest attempt to reclaim $0.55 got sold into immediately. The bid is thin under $0.54 and the daily structure is textbook bearish โ each bounce weaker than the last.
Multiple target levels stacked below show the selling pressure is real. If $0.55 holds as resistance, we could see a fast move toward the first major support at $0.50. Are you shorting this breakdown or watching from the sidelines?
Not financial advice. Always manage your risk.
#RE #ShortSetup #Downtrend #Crypto
๐ฏ
Entry: $0.5400 - $0.5500 ๐ฅ
Target: $0.5000 ๐
Stop Loss: $0.5850 โ ๏ธ
$RE has been carving lower highs since the start of the month and the latest attempt to reclaim $0.55 got sold into immediately. The bid is thin under $0.54 and the daily structure is textbook bearish โ each bounce weaker than the last.
Multiple target levels stacked below show the selling pressure is real. If $0.55 holds as resistance, we could see a fast move toward the first major support at $0.50. Are you shorting this breakdown or watching from the sidelines?
Not financial advice. Always manage your risk.
#RE #ShortSetup #Downtrend #Crypto
๐ฏ