$RE Same 1,000U result, worlds apart—do you choose to stay on the left and die, or run fast on the right?


RE at the current price of 0.4409; over the past 24h it dumped 11.96%. The high was 0.5032—touched it and then it leaked; the low was 0.4353, which nearly broke down. Over 24h, turnover was 36.3M; volume is still there, but it’s all sell pressure—bulls are getting pinned to the ground and rubbed.

Head-to-head data:
1. Drawdown: RE is down 11.96%, versus the market’s altcoin average drop of 5%—this one is down double, weak among weak.
2. Volume ratio: 36.3M in turnover looks active, but it’s all panic-fleeing; if no big money is stepping in to take it, then it’s just shit.
3. Price level: now at 0.44—only 1% away from the intraday low of 0.4353; if it breaks, it’s a new low and the deep abyss.

Trading advice: short lightly around 0.44, stop loss at 0.455, take profit at 0.42, and don’t exceed 2% position size. If you want to catch a falling knife, wait for 0.42 to hold before considering. If you pick wrong, don’t blame me.
RE-8.71%
View Original
post-image
post-image
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