Trade Signal for
$REI Entry Range: $0.0325 - $0.0340
Action: Sell 📉
SL (Stop Loss): $0.0360
TP 1: $0.0305
TP 2: $0.0280
TP 3: $0.0255
🥂 Check Price and Trade Now
$REI 🚨 Note: Trade at your own risk. DYOR.
Analysis of the Short Trade Setup:
REI has been facing strong selling pressure, dropping -6.36% in the last 24 hours, indicating bearish momentum. The 24h volume surged by nearly 60%, suggesting more sellers are entering the market. The price recently hit a 24h low of $0.02963, showing signs of weakness. Additionally, its all-time high ($0.3575) is far from the current price, meaning there’s little bullish confidence. A rejection at $0.03375 resistance makes this an ideal short opportunity, with downside targets around $0.0280 - $0.0255.
Reversal Possibility & Reason (Bullish Scenario):
If REI breaks above $0.0360 with strong buy volume, it may trigger a reversal:
Entry Range: $0.0365 - $0.0380
Action: Buy 📈
SL: $0.0330
TP 1: $0.0405
TP 2: $0.0440
TP 3: $0.0480
Reason for Reversal:
Breakout Above $0.0360 Resistance may attract fresh buyers.
Strong Support at $0.0295 - $0.0300 could hold, preventing further decline.
Increased Trading Volume might signal renewed bullish momentum.
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