$REQ

Key Analysis:

Recent Price Movement: REQ has experienced a decline of approximately 5.13% in the past 24 hours, with intraday fluctuations between $0.1237 and $0.1464.

Technical Indicators: The 1-hour chart analysis indicates a strongly bearish trend, suggesting potential for further downside movement. CentralCharts

Support and Resistance Levels: Immediate support is identified around $0.1100, with resistance near $0.1400.

Trade Setup:

1️⃣ Sell Zone: $0.1300 - $0.1350

2️⃣ Stop-Limit: Place at $0.1400

3️⃣ Take-Profit Targets:

🎯 Target 1: $0.1200

🎯 Target 2: $0.1150

🎯 Target 3: $0.1100

Recommendation:

Given the bearish signals from technical indicators, entering a short position within the specified sell zone could be advantageous if the price shows signs of declining. Monitor trading volume and candlestick patterns closely to confirm potential downward movement. Ensure to set a stop-limit at $0.1400 to mitigate potential losses.

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