**
$REQ Just Took a Sharp 5.9% Bearish Plunge on Heavy Volume**
The price has decisively broken below prior support, and momentum is firmly with the bears.
**My Base Case:** Further downside looks likely unless we see an immediate strong reversal. Short-term bounces may appear, but they’re likely to get sold into aggressively.
**Short Setup Idea:**
Wait for a relief rally into 0.1072 or 0.1288. If it fails with a reversal candle (bearish engulfing, shooting star, or lower timeframe breakdown), it’s a high-probability short entry.
Targets: 0.0923 → 0.0794 → 0.0686
Stop-loss: Above the swing high of the relief rally.
**Long Scalp (High Risk):**
Only if we get strong reversal confirmation — e.g., a pin bar or bullish engulfing on the 15m after sweeping below 0.0923.
Entry just above 0.0923 targeting 0.1072, but only with aggressive buyer volume. Otherwise, avoid catching this falling knife.
If price loses 0.0923 and closes below with conviction, expect acceleration toward 0.0794, 0.0686, and possibly 0.0644.
A clean reclaim and hold above 0.1072 would be the first sign of short-term strength, potentially opening the door to 0.1288.
**Overall Bias:** Bearish until proven otherwise. No clear reversal signal yet shorts favored on failed bounces.
This move has all the signs of a liquidity sweep, but without confirmation, the path of least resistance remains lower.
#REQ #CryptoTrading #BearishBreakdown #TechnicalAnalysis #AltcoinSeason $REQ