Guys, I’m looking at a long position on $RE here.
Trade Setup
Entry Range: $0.80 – $0.83
Target 1: $0.85
Target 2: $0.87
Target 3: $0.90
Final Target: $0.87
Stop Loss: $0.75
The reason is simple. After a strong correction from the $1.09 peak, the price has started building support around the $0.78-$0.81 area. Sellers are losing momentum, and the chart is showing early signs of stabilization. If buyers continue defending this zone, a relief rally toward higher levels looks likely.
The recent bounce from the lows suggests demand is returning. This is the type of setup where a controlled long position can offer a favorable risk-to-reward opportunity.
As long as the support zone holds, the bias remains bullish for a move toward the $0.87 area.
Click below to Take Trade
Trade Setup
Entry Range: $0.80 – $0.83
Target 1: $0.85
Target 2: $0.87
Target 3: $0.90
Final Target: $0.87
Stop Loss: $0.75
The reason is simple. After a strong correction from the $1.09 peak, the price has started building support around the $0.78-$0.81 area. Sellers are losing momentum, and the chart is showing early signs of stabilization. If buyers continue defending this zone, a relief rally toward higher levels looks likely.
The recent bounce from the lows suggests demand is returning. This is the type of setup where a controlled long position can offer a favorable risk-to-reward opportunity.
As long as the support zone holds, the bias remains bullish for a move toward the $0.87 area.
Click below to Take Trade