Watching $RE closely as it approaches a potential breakout

As long as $RE stays above 0.40, it looks primed for a leg up towards the resistance level of 0.83, given the oversold conditions and the bullish trend

SMA7 below SMA25, 10-bar trend is bullish, last candle is bullish

A daily close under 0.40 breaks this setup

Are you buying this dip on $RE or waiting for a breakout confirmation