🔻 $RE Breakdown Alert — Is Another Leg Down About to Begin?
The 4H chart shows $RE /USDT continuing a clear bearish trend after being rejected from the $1.09 high. Price has formed a series of lower highs and lower lows, and the latest breakdown below the $0.55 area suggests sellers are still in control. Unless buyers reclaim the lost support, the path of least resistance remains to the downside.
Short Trade Setup
Trade Type: Short
Entry Zone: 0.535 – 0.550
Stop Loss: 0.585
Take Profit 1: 0.500
Take Profit 2: 0.470
Take Profit 3: 0.430
Outlook: As long as RE remains below 0.58, bearish momentum remains dominant. Watch for increasing selling volume or a rejection from the entry zone to confirm the short setup. If price closes strongly above the stop-loss level, the bearish setup is invalidated.
$RE
The 4H chart shows $RE /USDT continuing a clear bearish trend after being rejected from the $1.09 high. Price has formed a series of lower highs and lower lows, and the latest breakdown below the $0.55 area suggests sellers are still in control. Unless buyers reclaim the lost support, the path of least resistance remains to the downside.
Short Trade Setup
Trade Type: Short
Entry Zone: 0.535 – 0.550
Stop Loss: 0.585
Take Profit 1: 0.500
Take Profit 2: 0.470
Take Profit 3: 0.430
Outlook: As long as RE remains below 0.58, bearish momentum remains dominant. Watch for increasing selling volume or a rejection from the entry zone to confirm the short setup. If price closes strongly above the stop-loss level, the bearish setup is invalidated.
$RE