$RE Perp — Short Setup
Current Price: 0.5191
Bias: Short-term bearish after rejection from 0.55+
Short Entry: 0.520–0.530
Stop Loss: 0.548
TP1: 0.500
TP2: 0.480
TP3: 0.450
Short thesis: RE made a strong +33% move, rejected near 0.55, and is now printing consecutive red candles. The order book also shows heavier ask pressure (54.18%), supporting a short-term pullback idea.
Invalidation: 1H close above 0.548–0.557.
Best approach: wait for a weak retest around 0.52–0.53 rather than chasing the current red candle. High volatility means keep leverage and position size controlled.
Current Price: 0.5191
Bias: Short-term bearish after rejection from 0.55+
Short Entry: 0.520–0.530
Stop Loss: 0.548
TP1: 0.500
TP2: 0.480
TP3: 0.450
Short thesis: RE made a strong +33% move, rejected near 0.55, and is now printing consecutive red candles. The order book also shows heavier ask pressure (54.18%), supporting a short-term pullback idea.
Invalidation: 1H close above 0.548–0.557.
Best approach: wait for a weak retest around 0.52–0.53 rather than chasing the current red candle. High volatility means keep leverage and position size controlled.