Panjang
REN : Explosive Breakout Ahead! Bullish Signals Flashing
💎 REN has recently broken out of a descending channel, forming a W pattern on the support zone, signaling a potential reversal towards the bullish side.
💎If RENUSDT breaks above the first resistance zone, it will be considered a Change of Character (CHoCH), indicating a shift in market sentiment towards bullishness. This could lead to a bullish market structure from that point onward.
💎In the event of a pullback, we can anticipate a bullish bounce from the support zone. Given the overall bullish trend in the cryptocurrency market, it is advisable to align with the prevailing trend.
💎However, if RENUSDT breaks down below the support zone, it would be prudent to refrain from trading REN in that situation. A breakdown below support would signify a bearish market structure, which goes against the prevailing trend.
💎If RENUSDT breaks above the first resistance zone, it will be considered a Change of Character (CHoCH), indicating a shift in market sentiment towards bullishness. This could lead to a bullish market structure from that point onward.
💎In the event of a pullback, we can anticipate a bullish bounce from the support zone. Given the overall bullish trend in the cryptocurrency market, it is advisable to align with the prevailing trend.
💎However, if RENUSDT breaks down below the support zone, it would be prudent to refrain from trading REN in that situation. A breakdown below support would signify a bearish market structure, which goes against the prevailing trend.
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.
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.