REEF/USDT.preef had a mega crash suddently. i bought right here for a pullback. no financial advice but this is my setup for my trade i am currently in itLongby Professor_TradeSteinUpdated 8819
Explanation of what was happening with REEFBINANCE:REEFUSDT.P Ahh so what happened behind the scene was this (I posted the original link in the "Minds" section). In short, there was a misunderstanding with Paribu (a Turkish exchange located in Istanbul). In the early years of 2021, KUCOIN:REEFUSDT was available on the and BNB chain aka the , in the dev's knowledge, Paribu has only served deposit & withdrawal of $REEF in the ETH, while the BSC support was added in 2024. Three years have passed from 2021 to 2024, Paribu stated that they integrated into their platform, but no evidence has been provided for this, and Paribu hasn't opened deposits or withdrawals for REEF on the . The dev suggests that Paribu should make an announcement to their user so they should send their REEF to a specific wallet via Paribu's API, later they will get a same amount of REEF but in instead of . All REEF deposited in this way on the would be burnt periodically to reduce the supply on permanently, while the new REEF on will be minted afterwards so the supply will be the same. But Paribu made a company decision not to provide an API for this migration, that's why the public assumed that the total supply expanded because the dev minted new REEF token on the and a major sell off happened because they didn't know the technical story of this exact matter. In reality, it was Paribu's decision who make things complicated by not providing API support for the migration, therefore the system can't identify whose REEF token belongs to which wallet address (in this chain migration context). As of Oct 15, 2024 the dev worked together with Via Labs to make a bridge for this transition purpose. We will see how this story unfolds after Via Labs completed the new bridge... 🥰Longby wirosableng212Published 334
UPDATEThe price has entered the time correction phase in 1 hour and is suffering in a rectangular box Exiting the box with a momentum candle and fixing the top of the box is a long entry signalLongby mehrdad1476Published 444
updateThe price has been on the side for the past five days, in the last phase of movement, the price is in an ascending channel, and the exit from the channel at the same time as the static resistance of 219 is broken can be a signal to enter a long position, a pullback to the resistance of 219 is a low-risk entry conditionLongby mehrdad1476Published 222
REEF accumulation for a multiday breakout soon.REEF is bound for big reversal after boucing off a strong order block support at 0.0025 levels multiple times on weekly data. It has created a significant higher lows on the weekly chart. A strong accumulation has been spotted at this levels. A big price change on the upside is about to materialize soon. SEEDED L at .00290 TAYOR.RLongby JSALUpdated 6617
updateAfter a 5-wave drop, the price can return to the upward cycle. According to the previous analysis, the double bottom reversal pattern was hit. In the correction phase, compared to the 5-wave downward trend, the price can reach the Fibo range of 50 to 62 with a 3-wave movement. Great reward to riskLongby mehrdad1476Published 5
REEF PULLBACKI believe this coin will move up soon again, many people invested heavily. Buy on 0.004142 0.002418 Good luck.Longby VIPCRYPTOTRADINGPublished 8830
UPDATEA reversal pattern is observed In case of a break of the neckline with a momentum candlestick, it is possible to enter a long position by observing the capital managementLongby mehrdad1476Published 4
UPDATEThe price could not consolidate above the resistance of 222, a valid channel has been formed with several collisions, the price will move towards the top of the channel with fluctuations, the analysis will be violated by the breakout of the bottom of the channelLongby mehrdad1476Published 3
Long. M15.The risk for this idea is 3% of the balance. The RSI indicator is pointing up.The triangle is broken upwardLongby sunhalltradeUpdated 117
REEF Long M15RSI is rising, the resistance horizon is likely to break through. I buy with a risk of 4% of the balance. RR 2 My REEF ideas still bring losses, but they always partially enter the profit zone. In my intraday trading on a real account, I manage to make a little money every day. If you also trade intraday, then fixate on the highs and enter into trades again when the correction to M1 ends. I decided to open a real exchange account and will accumulate statistics on my trading and the results of my ideas.Longby sunhalltradeUpdated 222
updateThe previous analysis pattern was invalidated A double bottom pattern has been formed, if the support of 173 is maintained, a long position can be entered after the resistance of 210 is broken.Longby mehrdad1476Published 1
UPDATEAdditional explanations in the previous post The breakout of the Trendline A and the static resistance shown on the slide are required for a low-risk entryLongby mehrdad1476Published 2
REEFUSDT SHORT IDEAhi all, i missed to short reefusdt. so,while i was checking its graphic i saw that in 15 min chart reef seem getting weak and ready to decline. so i target bottom FVG area. so we can set up short position, entry : 0.007025 stop : 0.007469 target: between somewhere 0.0057-0.0043 dont forget it reef by driving MM and shorting it is very risky. adjust your risk .Shortby cevikdogukanUpdated 2
REEF/USDT LONGPrice Analysis: The price has bounced from a weak low support near 0.0022 USDT, showing signs of bullish divergence on both the RSI and MACD indicators. This suggests that momentum is slowing down on the downside. Potential Targets: If the bullish divergence plays out, a short-term recovery could push the price to resistance levels at around 0.00265 USDT and 0.00400 USDT. A more significant move could target the 0.0067 USDT area, but confirmation from market structure would be needed for further upside. Forecast: A likely short-term bounce can occur toward 0.0026 USDT in the coming sessions, with stronger momentum needed to break further resistances. Keep an eye on the volume and momentum to confirm a breakout.Longby potfew345Published 4
Potential Supports ???The supports of 217 and 157 have been obtained from the price history, we are currently facing an increase in volume in the range of 217, low-risk entry after consolidation above 425.Longby mehrdad1476Published 3
REEF. Another short wedge?The previous wedge closed at stop loss. The strategy should soon give a positive signal. I sell with a risk of 3 % of the balance. RR 3Shortby sunhalltradeUpdated 228
REEF short H1REEF short H1 A fall is possible after moving down from a growing wedge. My risk on this idea is 2% of the balance. RR 2.Shortby sunhalltradeUpdated 116
REEFUSDT Forms Strong Bullish Flag PatternREEFUSDT technical analysis update REEF has formed a bullish flag pattern on the 1H chart, with the price moving toward the flag resistance for a potential breakout. Once the breakout occurs, we can expect a strong bullish move in REEF. Buy after breakout confirmation on the 1H chart. Regards hexa Longby HexaTradesUpdated 14
REEF rejecting resistance zoneREEF constantly rejecting the resistance zone, i watched the chart on lower timeframe wich showed me a beatifull bearish hammer. Opend my short position.Shortby kindPepper15292Updated 222
REEFUSDTI’m long atm; not too high leverage due to the basic setup! Otherwise I’d be 10-20X…Longby bloodrain81Published 111
Short Thesis on REEFUSDT: Potential Bearish Setup I’m currently eyeing a potential short opportunity on REEFUSDT. There are several key factors indicating a possible dump in the near future: Price and Volume Divergence: While the price has been holding near resistance, there’s a clear divergence between price action and volume. Buying power has significantly reduced, which suggests that the bullish momentum is weakening. RSI Divergence: The Relative Strength Index (RSI) has formed a bearish divergence, signaling that despite price moves, the underlying strength is diminishing. This often indicates a potential reversal. OBV Divergence: On-Balance Volume (OBV) is also diverging, further supporting the bearish case. OBV, a volume-based indicator, shows that despite higher prices, there’s less volume supporting the move, suggesting potential exhaustion in buying pressure. Risk/Reward Setup: The risk/reward ratio is favorable, with a well-defined stop-loss placed just above the recent highs and a potential target significantly lower, which aligns with the technical breakdown setup. Given these factors, there’s a high probability of a price dump. I’ll be looking to enter a short position with the expectation that the price will move toward the lower support zones.Shortby paulkongck83Published 331