FYI: I'm just getting started. Just want some feedback and thought of the community if possible.
REN seems to have broken the lower diagonal trendline in given ascending channel. I would have assumed that while approaching the lower diagonal trendline with a decreasing volume we would have bounce back, however it didn't happen. It seems we have have a downward momentum towards the next resistance zone (0.85 - 0,88). Even though 1$ seems to be a strong (psychologic?) support, I think with correlation that BTC has one other leg down to go we are facing this last resistance zone and hopefully break the right upper diagonal line.
Is it a smart idea to keep DCA until we reach this resistance zone? I started buy orders from 1.176 to 1,03$ with an average of 1,11$. Still have some liquid left to reduce my average buy. My wishful thought will be to sell 50% of my stack at the 2,61 fib level at approximately 3,20$ and let my profite ride.
However I'm bit concerned with the current decentralization in the REN project, even though it's for security reasons, it's still a pitfall.
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.