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$RE — CHOPPY MARKET WITH LONG POTENTIAL!
$RE is in a choppy market structure — frequent reversals and false breakouts. Structure is neutral, phase is redistribution. Support at $0.4435, resistance at $0.4928. The setup shows a LONG position with entry at $0.4608 – $0.4669, take profit at $0.5143, then $0.5349, and stop loss at $0.4302.
What I'm watching: The market is choppy, but the long setup has a favorable R/R ratio of 1:1.5. If price breaks above $0.4928, the next target is $0.5143, then $0.5349. The stop at $0.4302 is below support. I'd wait for a break above resistance before entering. The setup is not confirmed yet.
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