đ¨ $REI /USDT: Critical Support & Resistance LevelsâIs a Big Move Brewing? đ¨
The REI/USDT 15-minute chart shows price consolidating near the $0.05939 level, creating an opportunity for both short- and long-term traders. The key support at $0.05800 is holding strong, while resistance looms at $0.06000.
đĄ Strategy Breakdown:
⢠Short-term Entry: Consider a long position near $0.05900 with a tight stop loss just below $0.05850, targeting $0.06050 for a quick scalp.
⢠Long-term Entry: If REI breaks cleanly above the $0.06000 resistance, enter a long trade with a stop loss around $0.05800 and aim for a larger target at $0.06200.
⢠Short Entry: For a bearish scenario, if the price dips below $0.05800, short the pair targeting $0.05680, with a stop above $0.05900.
đ Volume is low, indicating potential for sharp movement once the breakout occurs. Keep a close watchâthis range could lead to a powerful directional move!
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