$REI Long Liquidation Alert: $13.847K at $0.05539

$REI just saw a massive long liquidation of $13.847K at $0.05539. This indicates strong selling pressure, but it may present an opportunity to enter if the price finds support and starts recovering.

Key Levels to Watch:

Buy Zone: $0.053 - $0.055

Look for price stability and signs of a bounce before entering the trade.

Targets:

First Target: $0.060

Second Target: $0.065

Third Target: $0.070

Stop Loss: $0.050

Action Plan:

1. Entry:

Wait for $REI to stabilize around $0.053 - $0.055.

Watch for confirmation of upward momentum, such as a bounce or increased volume.

2. Targets:

$0.060: First resistance. Take partial profits here.

$0.065: Second resistance level. Consider locking in more profits.

$0.070: Longer-term target if the price continues higher.

3. Stop Loss:

Set a stop loss at $0.050 to limit your potential losses if the market reverses.

Why It Could Be Bullish:

After a liquidation event, the price may find support and rebound if buyers step in.

A break above $0.060 would signal further upside potential.

Final Thoughts:

Use caution, wait for clear confirmation of support, and follow your risk management strategy. REI might be setting up for a rebound after the liquidation.

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