REN/USDT Need to bounce from here to continue upward !!
💎 REN has been drawing considerable attention in the market, currently in a consolidation phase within the demand area. For REN to resume its upward momentum, a strong bounce from this zone is essential. A successful rebound, marked by bullish candle formations, could set the stage for REN to progress upwards and re-engage with the resistance.
💎 The resistance level at $0.072 is pivotal for REN. Breaking through this threshold could significantly ease REN's path towards our target strong resistance area.
💎 However, should REN fail to sustain itself in the demand area or if it breaks below this level, it could signal a shift towards a bearish trend. This scenario would likely lead REN towards the support level area. In such a case, a robust recovery from the support level becomes crucial. Without a strong bounce from the support, REN could potentially continue its downward trajectory, heading towards a more significant support area.
💎 The resistance level at $0.072 is pivotal for REN. Breaking through this threshold could significantly ease REN's path towards our target strong resistance area.
💎 However, should REN fail to sustain itself in the demand area or if it breaks below this level, it could signal a shift towards a bearish trend. This scenario would likely lead REN towards the support level area. In such a case, a robust recovery from the support level becomes crucial. Without a strong bounce from the support, REN could potentially continue its downward trajectory, heading towards a more significant support area.
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Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Penafian
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.