REN Long

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📩 Pair: RENUSDT
📈 Direction: Long
💯 Leverage: Cross 5X - 10X - 20X

📊 Entry 1: 0.0470
📊 Entry 2 (DCA): 0.0400

✅ Target 1: 0.0600
✅ Target 2: 0.0750
✅ Target 3: 0.0900

⛔️ Stop Loss: 0.0350

#REN is currently compressed between the trend lines of a descending wedge, and we expect a bullish breakout soon. If #RENUSDT faces resistance at the upper trend line of the wedge, we might see a retest of the bullish zone around $0.0400, which is a strong support level, rich in liquidity and a key area for potential buy orders.

Entry Strategy:

First entry at $0.0470
If the price drops, we will make an additional entry (DCA) at $0.0400 to lower the average cost of the investment.
However, if REN does not recover from $0.0400, the focus will shift to the next crucial support in the lower demand zone at $0.0350. The probability of a strong rebound here is quite high, making this level critical to watch. On the other hand, if REN continues to decline, the bears might take control, leading to a bearish continuation and marking a significant shift in market sentiment.

"Manage your risk – never trade with more than 1% of your capital on a single transaction."

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تم فتح الصفقة

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ملاحظة

ENTRY 2 (DCA): 0.0400