Alts look weak, open shorts 💢💢💢
$RE We got a relief rally from 0.77 to 1.03.
Since then, price has been printing lower highs, momentum has faded, and inflows haven’t translated into a new breakout.
The rally is losing strength.
Entry on a retest 0,85-0,9
TP: 0,75-0,7-0,65 and lower.
use SL‼️
$SYN is showing a similar story.
Huge inflows.
Strong expansion.
But now volume is cooling off, RSI is rolling over, and price is no longer making aggressive highs.
The easy move up already happened.
For now, both charts look more like distribution than accumulation.
Entry is on a retest 0,28-0,3
TP: 0,25-0,2-0,15 and lower. Depends how long you want to keep your position.
Use. SL‼️
RE:
relief rally → consolidation → another attempt lower
SYN:
parabolic expansion → loss of momentum → consolidation → another attempt lower
Neither RE nor SYN is making new highs despite fresh capital entering the market.
That’s usually the first sign that buyers are getting exhausted.
$BTC is still under pressure.
And when BTC is weak, late-stage pumps become much harder to sustain.
#syn #Reusdt #Alts