$RE surged 27% in a day, peaking near 0.4865, now at 0.467 — already retraced 4 points.
Volume spiked after hitting the leaderboard. Some are chasing longs, others repeatedly shorting the top — both sides are betting on the next candle.
Historically, after a pump like this, a retrace of more than half the move is the norm. If you're shorting the top, don't expect to catch the fattest part of every wave.
#RE #Perpetual #Gainers
Volume spiked after hitting the leaderboard. Some are chasing longs, others repeatedly shorting the top — both sides are betting on the next candle.
Historically, after a pump like this, a retrace of more than half the move is the norm. If you're shorting the top, don't expect to catch the fattest part of every wave.
#RE #Perpetual #Gainers