🔥LONG $RE
Price Action
Trend
🟢 Very strong bullish (Momentum Breakout)
Watch on the chart:
Price has fully broken out of the accumulation range around 0.47–0.50.
A series of strong bullish candles has appeared consecutively.
A new peak has been formed around 0.655.
Trading volume increased significantly during the breakout phase.
This shows that buyers are completely in control in the short term.
Support
0.600 0.560 0.510
Resistance
Since RE is trading near the short-term peak area, there aren’t many clearly defined resistance zones above on the chart.
Reasonable target levels are:
0.690
0.740
0.800
Level ________Price
Entry Zone ________0.61 – 0.64
Take Profit 1 ________0.69
Take Profit 2 ________0.74
Take Profit 3 ________0.80
Stop Loss 1 ________0.56
Stop Loss 2 ________0.51
$BTC
$ETH
Price Action
Trend
🟢 Very strong bullish (Momentum Breakout)
Watch on the chart:
Price has fully broken out of the accumulation range around 0.47–0.50.
A series of strong bullish candles has appeared consecutively.
A new peak has been formed around 0.655.
Trading volume increased significantly during the breakout phase.
This shows that buyers are completely in control in the short term.
Support
0.600 0.560 0.510
Resistance
Since RE is trading near the short-term peak area, there aren’t many clearly defined resistance zones above on the chart.
Reasonable target levels are:
0.690
0.740
0.800
Level ________Price
Entry Zone ________0.61 – 0.64
Take Profit 1 ________0.69
Take Profit 2 ________0.74
Take Profit 3 ________0.80
Stop Loss 1 ________0.56
Stop Loss 2 ________0.51
$BTC
$ETH
