$RE Fast sell setup RE/USDT — potential entry points:
Current data (1 hour):
High: 0.5548 → Price now 0.5318 (starting to correct)
RSI(6): 63.8 falling from ~90 (buying momentum is weakening)
StochRSI: 37.3 strongly dropping from overbought
Two consecutive red candles after the peak = beginning of selling pressure
⚠️ Important note: this is a very strong bullish move (+34% today, +44% in 30 days) — the sell here is a counter-trend scalp, high risk, and the main trend is still strongly bullish.
Quick entry scenario if you decide to continue:
Entry: on a break of 0.5280-0.5300 (break of the lower of the current red candle) with confirmation volume
SL: above 0.5420 (above the last local high) — roughly 2-2.5% protection
TP1: 0.5100 (first support, take 50%)
TP2: 0.4896 (the zone from which the breakout started)
Safer alternative: wait for a rebound to fail at 0.5400-0.5420 (confirmed Lower High) before entering—this offers a better success rate than entering randomly in the middle of the drop.
Current data (1 hour):
High: 0.5548 → Price now 0.5318 (starting to correct)
RSI(6): 63.8 falling from ~90 (buying momentum is weakening)
StochRSI: 37.3 strongly dropping from overbought
Two consecutive red candles after the peak = beginning of selling pressure
⚠️ Important note: this is a very strong bullish move (+34% today, +44% in 30 days) — the sell here is a counter-trend scalp, high risk, and the main trend is still strongly bullish.
Quick entry scenario if you decide to continue:
Entry: on a break of 0.5280-0.5300 (break of the lower of the current red candle) with confirmation volume
SL: above 0.5420 (above the last local high) — roughly 2-2.5% protection
TP1: 0.5100 (first support, take 50%)
TP2: 0.4896 (the zone from which the breakout started)
Safer alternative: wait for a rebound to fail at 0.5400-0.5420 (confirmed Lower High) before entering—this offers a better success rate than entering randomly in the middle of the drop.