$RE and $BANK continue to stay bearish.



$RE is still grinding lower right now—just follow the downtrend and short. For entry, watch the 0.3886 to 0.3983 range. There’s a possibility of a move down to 0.3712 or even 0.3534. Set the defense level around 0.4142. Also, $BANK is short directly.

But you must be careful with risk. Right now, $RE ’s 1-hour RSI has stretched, and with a negative funding rate, a sudden spike could happen at any moment—leading to a “short squeeze” that blows out shorts. Don’t go in with too much size. Keep your position size under control based on your account situation.
RE-1.56%
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