The high-level resistance watched earlier has finally given an answer today. $RE is not a simple pullback; it's a failed upward breakout, and the bears have started to take over. Many people are slow to react.



Before the signal appeared, I had already noticed the changes, especially around the 0.71099 level. The price seemed to be consolidating, but the bounce strength weakened with each attempt. This is the key point—the market is not afraid of falling; it's afraid of failing to rally while being sold off repeatedly. Under such a structure, I won't force a long position.

I've been holding a short position until now, and the current price has reached 0.64764. The profit is +175.43%, and the trend extension is evident. There were several bounces in between that could easily shake people out, but as long as my stop-loss wasn't breached, I chose to let the profits run.

There's no need to get overly excited now. If you have a position, trail your stop-loss down and partially lock in profits step by step—that's normal. If you missed the entry, don't chase. Especially don't chase short positions; wait for the next confirmed signal.

$BTC $ETH
RE7.03%
BTC-0.21%
ETH-0.34%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned