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rasnek
27 de May. de 2021 23:57

RENUSDT trade setup Largo

Ren / TetherUSBinance

Descripción

Trade setup for RENUSDT.

REN broke out of the supply line today and is now retesting the ATH from September '20
Wait for entry once we get a bounce from that area. Breaking this high to the downside at $0.59 area will probably take price down to $0.50 and even all the way down to $0.35 which is a 88% retracement.
However this retracement could end up being a bullish bat, which will be a nice entry point. I will be following price action on REN and update if this plays out.

Entry : $0.612
Stop loss : $0.559
TP1 : $0.77
TP2 : $0.86
TP3 : $1.1


Risk warning, volatility is rising so make sure you put in a stop loss.
No FA DYOR

Comentarios

For those following, I've changed my entry to $0.57 once we break the resistance.
Stop loss move to $0.49. Profit take targets stay the same.

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