SUPPORT LOST !!!
$RE has finally lost an important support level, and the price is now showing more weakness. Sellers are putting pressure on the market, and the current price action suggests that more downside could be coming.
I'm watching the $0.05–$0.10 zone as the next major support area. With selling pressure increasing and the price pushing lower, a move towards this range looks possible.
For now, the overall direction is clearly leaning bearish, and I wouldn't be surprised to see another sharp move down before buyers finally step in.
$RE has finally lost an important support level, and the price is now showing more weakness. Sellers are putting pressure on the market, and the current price action suggests that more downside could be coming.
I'm watching the $0.05–$0.10 zone as the next major support area. With selling pressure increasing and the price pushing lower, a move towards this range looks possible.
For now, the overall direction is clearly leaning bearish, and I wouldn't be surprised to see another sharp move down before buyers finally step in.
