Trade Setup🎯$REZ
Entry Zone: 0.00585 – 0.00598
Targets:
TP1: 0.00615
TP2: 0.00635
TP3: 0.00660
Stop-Loss: 0.00558
Analysis
$REZ recently went on a wild ride, throwing a massive green candle up to the 0.00632 level like it had somewhere important to be. After that "vertical gym session," the price is now taking a well-deserved breather, cooling off in a tight consolidation range.
What’s interesting? The price is currently hugging the MA(7) and MA(25) lines, showing that the bulls aren't ready to pack up and go home just yet. We see some "bottom-fishing" wicks near the 0.00570 zone, suggesting that whenever the price dips, buyers are stepping in to absorb the pressure. It looks less like a crash and more like a "reloading" phase before the next potential leg up.
Outlook
As long as the floor at 0.00560 holds firm, the bullish dream stays alive. If REZ can flip the 0.00605 resistance into support, we could see a quick sprint back toward recent highs. However, if it slips under the safety net of the 99-period moving average, the setup might need a long nap.#REZ #USNonFarmPayrollReport #trading $REZ
