Support Holds and Buyers Return
As mentioned earlier, the $0.52 - $0.54 region was a major support area for $RE , and that level has now done its job perfectly.
Sellers tried to push price lower, but buyers stepped in aggressively and defended the zone, leading to a strong recovery move.
The recent bounce confirms that demand is still active at lower levels and momentum is slowly shifting back toward the bulls.
The next levels I'm watching are:
• $0.64 - $0.66 as the first resistance area.
• $0.72 - $0.75 as the next upside target if momentum continues.
• $0.52 remains the key support level to protect the bullish structure.
This is exactly why waiting for confirmation at support often works better than chasing prices higher. Support held, buyers reacted, and the market rewarded patience.
For now, the trend favors the bulls as long as price stays above the support zone and continues building higher lows.
Click below to Take Trade
As mentioned earlier, the $0.52 - $0.54 region was a major support area for $RE , and that level has now done its job perfectly.
Sellers tried to push price lower, but buyers stepped in aggressively and defended the zone, leading to a strong recovery move.
The recent bounce confirms that demand is still active at lower levels and momentum is slowly shifting back toward the bulls.
The next levels I'm watching are:
• $0.64 - $0.66 as the first resistance area.
• $0.72 - $0.75 as the next upside target if momentum continues.
• $0.52 remains the key support level to protect the bullish structure.
This is exactly why waiting for confirmation at support often works better than chasing prices higher. Support held, buyers reacted, and the market rewarded patience.
For now, the trend favors the bulls as long as price stays above the support zone and continues building higher lows.
Click below to Take Trade