$10000REK remains vulnerable to a bearish reversal after an +11.77% expansion, with price trading around the $0.000970 support area following a strong upside push. Sellers can take control if price fails to sustain above $0.001015 resistance and breaks beneath $0.000970. A clean breakdown below $0.000970 could expose fresh downside liquidity, while only a strong reclaim above $0.001035 would weaken the bearish setup.

Trade Setup

Entry: $0.000970 – $0.000990

Target 1: $0.000940

Target 2: $0.000910

Target 3: $0.000875

Stop Loss: $0.001035

How it's possible

Market structure:

The recent +11.77% expansion creates room for a corrective move if buyers fail to build continuation.

Lower highs/lower lows:

A rejection beneath $0.001015 followed by a lower high and a break of $0.000970 would provide bearish confirmation.

Key support and resistance:

$0.000970 is the key breakdown level, while $0.001015 acts as the immediate resistance zone.

Volume confirmation:

The breakdown should ideally occur with rising sell volume. A low-volume break is less reliable and can quickly reclaim the level.

Momentum:

Upside momentum remains the immediate risk to shorts, so waiting for momentum to roll over is preferable to chasing a rejection blindly.

Liquidity:

A move below $0.000970 can trigger stops and leveraged long liquidations, creating additional downside liquidity.

Breakdown/rejection confirmation:

The cleanest setup is rejection from $0.001015 followed by a confirmed close below $0.000970.

If price closes above $0.001035, the bearish setup fails and the trade should be exited to protect capital.

Let’s go and Trade now $REKT

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