๐ด $RE REJECTED AT RESISTANCE โ BEARS EYEING THE RETRACEMENT! ๐
Entry: 0.4960 - 0.5000 โก
Target 1: 0.4820 ๐
Target 2: 0.4500 ๐
Target 3: 0.4100 ๐
Stop Loss: 0.5310 โ ๏ธ
๐ Price hit a structural resistance zone with a clear rejection candle on the 1H, indicating aggressive selling into the high. ๐ The move up lacked volume follow-through, suggesting this was likely a liquidity grab to fuel the next leg downward.
๐ก With three defined targets and a tight stop above the recent swing high, this setup offers a favorable risk-to-reward for a retracement into the demand void below. ๐ Are you shorting here or waiting for a retest of the resistance zone first? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #RE #ShortSetup #Resistance #Crypto #Retracement
๐ป ๐
Entry: 0.4960 - 0.5000 โก
Target 1: 0.4820 ๐
Target 2: 0.4500 ๐
Target 3: 0.4100 ๐
Stop Loss: 0.5310 โ ๏ธ
๐ Price hit a structural resistance zone with a clear rejection candle on the 1H, indicating aggressive selling into the high. ๐ The move up lacked volume follow-through, suggesting this was likely a liquidity grab to fuel the next leg downward.
๐ก With three defined targets and a tight stop above the recent swing high, this setup offers a favorable risk-to-reward for a retracement into the demand void below. ๐ Are you shorting here or waiting for a retest of the resistance zone first? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #RE #ShortSetup #Resistance #Crypto #Retracement
๐ป ๐
