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.
REEFUSDT trade ideas
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 risk
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.
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... 🥰
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 management
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 .
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 entry
Long. M15.The risk for this idea is 3% of the balance.
The RSI indicator is pointing up.The triangle is broken upward
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.
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.
REEF PULLBACKI believe this coin will move up soon again, many people invested heavily.
Buy on 0.004142
0.002418
Good luck.
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
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 3
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.
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.
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.
Reef price for the futureReef price in coming months. Reef has been developing in the background. So somewhere near the future it might even reach 1 dollar.
REEF ready to fallREEF is ready to fall to atleast 0.00548. REEF gained to much and cant win against the bears. With the triangle pattern we can see a downtrend
REEFusdt short from 0.0067There is no buyer in the asset, because the bags have already been dumped on the crowd
REEFUSDT deep correction!Reef raised to long-term target and can have deep correction
notice: this is not financial advise
REEFUSDT SHORT IDEAhi all reef actually came to the previous reisistance zone . you can not see it on the chart because of it is pretty old. also in the past 2 days reef pumped about %80 i expect a little correction at least. so we can set up short position.it is a little risky trade please dont risk too mcuh money for it.
entry : 0.00799
stp : 0.008888
target : declining from entry around %10 -%15 .
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