$REZ /USDT Perpetual has printed a violent V-shape liquidity sweep right at the structural floor, preparing for an aggressive squeeze toward the macro trendline! đ
A technical review of the daily chart on Binance reveals that sellers faced massive exhaustion:
đ The Liquidity Sweep Floor: Following a multi-week markdown, $REZ aggressively swept local stop-losses down to the 1 Fibonacci support baseline ($0.00335) before finding major institutional demand.đ Violent Bullish Response: A powerful green engulfing daily candle has kicked off, instantly driving price back above the 1.618 Fib pivot ($0.00357) to flip momentum back to the bulls.đŻ The High-Yield Extension Targets: As the shorts are squeezed toward the primary descending macro trendline, the visual upside paths target:
Target 1: The 2.618 Fib extension at $0.00397Target 2: The 3.618 Fib extension at $0.00435
Buying the immediate response off a sharp extension sweep offers an exceptional risk-to-reward layout! đ
#REZ #crypto #Binance #altcoins #TechnicalAnalysis
A technical review of the daily chart on Binance reveals that sellers faced massive exhaustion:
đ The Liquidity Sweep Floor: Following a multi-week markdown, $REZ aggressively swept local stop-losses down to the 1 Fibonacci support baseline ($0.00335) before finding major institutional demand.đ Violent Bullish Response: A powerful green engulfing daily candle has kicked off, instantly driving price back above the 1.618 Fib pivot ($0.00357) to flip momentum back to the bulls.đŻ The High-Yield Extension Targets: As the shorts are squeezed toward the primary descending macro trendline, the visual upside paths target:
Target 1: The 2.618 Fib extension at $0.00397Target 2: The 3.618 Fib extension at $0.00435
Buying the immediate response off a sharp extension sweep offers an exceptional risk-to-reward layout! đ
#REZ #crypto #Binance #altcoins #TechnicalAnalysis