$REZ ⚡
$REZ surging with 249.9x buy volume spike, can it sustain?
- With this massive volume spike and all indicators bullish, I expect a continued upward move after a corrective pullback. This event suggests strong accumulation, likely by smart money, but such spikes are often followed by retracements to shake out weak hands.
- My preferred trade setup is to wait for a retrace into 0.003118 or 0.003099, then look for reversal confirmation (such as a bullish engulfing, pin bar, or strong buying wick on 5m/15m). If this occurs, a potential long entry can be considered.
- Example entry: Enter at 0.003118 on a bullish reversal signal, targeting 0.003176 as TP1 and 0.003228 as TP2. If there's a sharp retest of 0.003099 and it holds with a strong bounce, that could also be a great long opportunity.
- Stop-loss should be set beneath 0.003011 or the swing low that forms on the retrace.
- If price loses 0.003011 with momentum, or the next bounce gets aggressively sold down and fails to reclaim 0.003133, my bullish bias will flip to neutral/bearish and I would stay out or look for possible short setups after a failed bounce.
📝 This is not investment advice, just an educational report. Given the current conditions, I expect a retracement followed by a fresh leg up, but always wait for confirmation before entering! Trade safely and let the market show its hand before jumping in. 🚦
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