$RE STRUGGLING ABOVE RESISTANCE โ BEARISH REJECTION IN PLAY ๐ด
Entry: 0.6000 โ 0.6170 ๐ฅ
Target: 0.5800 / 0.5600 / 0.5380 ๐
Stop Loss: 0.6557 โ ๏ธ
Buyers tried to push $RE higher but the rejection at 0.6170 is clear. Price couldnโt hold above that zone and volume is fading on each attempt. This is the same resistance that flipped sellers active earlier this month.
First target is a clean 3% move from mid-entry, and the full runner goes over 10% if momentum breaks below 0.5800. Tight SL above the recent high keeps risk defined.
Are you shorting this or waiting for a retest of the zone?
Not financial advice. Always manage your risk.
#RE #ShortSetup #BearishRejection #ResistanceFlip
๐ด
Entry: 0.6000 โ 0.6170 ๐ฅ
Target: 0.5800 / 0.5600 / 0.5380 ๐
Stop Loss: 0.6557 โ ๏ธ
Buyers tried to push $RE higher but the rejection at 0.6170 is clear. Price couldnโt hold above that zone and volume is fading on each attempt. This is the same resistance that flipped sellers active earlier this month.
First target is a clean 3% move from mid-entry, and the full runner goes over 10% if momentum breaks below 0.5800. Tight SL above the recent high keeps risk defined.
Are you shorting this or waiting for a retest of the zone?
Not financial advice. Always manage your risk.
#RE #ShortSetup #BearishRejection #ResistanceFlip
๐ด
