$REI /USDT — REI Network Bearish Signal 🚨📊
Confidence: High ⚡✅ Probability of hitting targets: ~81%
BUY&TRADE HERE $REI
Trade Plan :
· Entry Zone: $0.01890–$0.01920 (retest of broken VWAP resistance)
· TP1: $0.01850
· TP2: $0.01800
· TP2: $0.01755
FINAL TP $0.01740 till $0.01736
· SL: $0.01960 (above resistance confluence)
Current Price: $0.01897 (Live Binance Data)
**Support**: $0.01735 (24h low) → $0.01650 (Fibonacci 61.8% retrace)
**Resistance**: $0.01917 (24h high) → $0.01950 (psychological barrier)
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📊 Key Technical & Fundamental Context:
1. Market Position: Ranked #983–#1429 by market cap ($17.81M–$18.57M) .
2. Volume Profile: $5.66M–$5.85M 24h volume confirms distribution patterns .
3. Technical Sentiment: Mixed signals (short-term "Strong Buy" on Binance/MEXC but neutral weekly outlook) .
4. Fundamental Utility: EVM-compatible chain focusing on DeFi/GameFi but faces competition from established L1s .
Short Reasoning: REI exhibits a bearish technical structure after a recent rally (+7.72% in 24h), with price rejected at $0.01917** (24h high) and currently trading at **$0.01897 . Key technical signals confirm downside risk:
· RSI Neutral-Bearish Divergence: While exact RSI values are unconfirmed, price action shows rejection near resistance with weakening momentum .
· High Volatility Compression: 24h range ($0.01735–$0.01917) indicates consolidation before potential breakdown .
· Volume Surge Anomaly: $5.79M 24h volume (+102% YoY) suggests distribution near local tops .
· Order Book Imbalance: Sell-side pressure dominates across major exchanges (e.g., Binance, MEXC) .
#REI