I am favoring a short on $REZ right now as the trend structure is breaking down on multiple timeframes. We recently lost a critical support floor which has now flipped into a strong resistance block on the retest. Open interest remains dangerously high while spot volume is declining, suggesting long positions are highly vulnerable to a cascade. Momentum indicators confirm the downside continuation.
๐ If this setup makes sense to you, drop a follow โ more trading logic coming.
๐ฏ ENTRY: $0.004046
๐ TP1: $0.003788
๐ TP2: $0.003667
๐ TP3: $0.003516
๐ TP4: HOLD
๐ If this setup makes sense to you, drop a follow โ more trading logic coming.
๐ฏ ENTRY: $0.004046
๐ TP1: $0.003788
๐ TP2: $0.003667
๐ TP3: $0.003516
๐ TP4: HOLD