$RE /USDT Analysis.
Market Outlook: Bearish 📉
The 4-hour chart shows a clear Head and Shoulders or descending distribution pattern, with the price slipping below both its MA(7) (0.6239) and MA(25) (0.6627) lines, indicating strong near-term downward momentum.
Trade Setup
🟢 Long Entry: Around 0.5800 (retest of the recent major low support) | Stop Loss: 0.5500
🔴 Short Entry: Around 0.6200 - 0.6300 (on a retest of the broken MA(7) resistance) | Stop Loss: 0.6650
#reusd #Binance1B$inStocks #USADP98KMiss #MORPHORisesOver12% #USTreasuryNamesTrumpAccountETFLineup
Market Outlook: Bearish 📉
The 4-hour chart shows a clear Head and Shoulders or descending distribution pattern, with the price slipping below both its MA(7) (0.6239) and MA(25) (0.6627) lines, indicating strong near-term downward momentum.
Trade Setup
🟢 Long Entry: Around 0.5800 (retest of the recent major low support) | Stop Loss: 0.5500
🔴 Short Entry: Around 0.6200 - 0.6300 (on a retest of the broken MA(7) resistance) | Stop Loss: 0.6650
#reusd #Binance1B$inStocks #USADP98KMiss #MORPHORisesOver12% #USTreasuryNamesTrumpAccountETFLineup