Told you we were watching $RE, and now it is sitting right at the level we flagged, 0.5458 is the one I have got my eyes on. Price has been coiling under it for a bit now and this kind of setup does not stay quiet forever.

If it breaks 0.5458 with real volume behind it, 0.5754 is the next stop, that is where the last sellers were sitting. And if it loses 0.4973, I am stepping away from this one, that opens the door down to 0.4655.

No trade from me yet. Level first, entry after.

Which way does this one go for you?

$RE