Trading Plan Long RE
$RE just flushed to the 1h lower Bollinger Band, sweeping prior lows.
Entry: $0.468-$0.478
Stoploss: $0.455
Targets: $0.488 / $0.505 / $0.525
RE hit 0.472, taking out the 1h EMA200 and nearest support at 0.4693. RSI is deeply oversold at 27.8, indicating a potential bounce from this extreme deviation. Funding is slightly negative, but OI is up 3.7% in 24h, suggesting shorts are piling in at the bottom. Top traders are 1.39 long, positioning for a snapback against retail shorts. Losing $0.455 invalidates the bounce thesis.
#BinanceSquareTalks
Trade $RE here๐
$RE just flushed to the 1h lower Bollinger Band, sweeping prior lows.
Entry: $0.468-$0.478
Stoploss: $0.455
Targets: $0.488 / $0.505 / $0.525
RE hit 0.472, taking out the 1h EMA200 and nearest support at 0.4693. RSI is deeply oversold at 27.8, indicating a potential bounce from this extreme deviation. Funding is slightly negative, but OI is up 3.7% in 24h, suggesting shorts are piling in at the bottom. Top traders are 1.39 long, positioning for a snapback against retail shorts. Losing $0.455 invalidates the bounce thesis.
#BinanceSquareTalks
Trade $RE here๐