$REZ $REZ 👇Scalping analysis 🚨
Current Price:$0.05695 (+11.17%)
The overall outlook remains bullish as long as the price stays above the key support level around $0.05500, but watch for potential resistance near $0.05750 for possible reversals.
For a scalping strategy, consider entering long positions near $0.05600-$0.05680, targeting $0.05750-$0.05780 with a stop-loss around $0.05500. Short positions can be considered near $0.05750-$0.05780, with a target towards $0.05500.
1. Long Position:
Entry: 🌱 $0.05600 to $0.05680,
Target: 🎯 $0.05750 to $0.05780
Stop-Loss:⚠️ $0.05500
2. Short Position:
Entry:🌱 $0.05750 to $0.05780
Target: 🎯 $0.05500 to $0.05400.
Stop-Loss: ⚠️ $0.05800
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Bullish: If the price holds above $0.05500 and continues to trade above a move to $0.05750 or higher is likely.
Bearish: A failure to break through $0.05750 could result in a retracement to the $0.05500 or $0.05400 range, particularly if market sentiment weakens.
