A long liquidation on RE indicates bullish positions were forced to close, adding short-term selling pressure and increasing market volatility. The $2.53K liquidation suggests caution, but if buyers defend the current demand zone, a recovery move remains possible.
EP
$0.4010 – $0.4060
TP
TP1: $0.4180
TP2: $0.4320
TP3: $0.4500
SL
$0.3940
Support: $0.4000 – $0.4020
Resistance: $0.4180 – $0.4320
Next Target: $0.4500 if RE reclaims $0.4180 with strong buying volume. Failure to hold the support zone could trigger another move lower before buyers step back in.
Price is testing a critical support area following the liquidation. Watch for a bullish reaction and increased volume to confirm a potential recovery toward higher liquidity levels.
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