If you're already down 600%+ on
$RE , the decision shouldn't be based on hope that it "will rise again someday."
📉 Current Structure
Losing the $1 psychological support was a major bearish signal.
The fact that price stayed above $1 and then broke down suggests buyers were exhausted.
Until $1 is reclaimed, rallies are likely to face heavy selling pressure.
🎯 Next Targets
$0.80–$0.85 is the first area bulls need to defend.
If that fails, the market could look toward $0.70.
In a broader risk-off environment, $0.50–$0.60 cannot be ruled out.
#Binance #TradingCommunity 🤔 Should You Cut Losses? Ask yourself one question:
If you had fresh cash today, would you buy
$RE at the current price?
If the answer is yes, holding may make sense.
If the answer is no, then holding simply because you're down 600% may not be the best reason.
💡 Many traders make the mistake of focusing on their entry price. The market doesn't care where you bought. What matters is whether the asset still has a strong bullish thesis and signs of recovery.
🚨 Key Level to Watch A reclaim of $1 with strong volume would be the first sign that bulls are regaining control. Until then, the trend remains bearish and capital preservation should be a priority.
If you send the current chart or exact price, I can give a more precise support zone and next target levels.
#cryptouniverseofficial