REN/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 0.4200, 0.4339, 0.4400.
Key Support Levels: 0.4043, 0.3935, 0.3909.
1-Hr Time Frame:
The price on the higher time frame is in a clear upward movement. It posted a deep correction where it found a support level around the 0.3900 USDT mark. The market could not continue to the downside in the opposite reversed and moved higher where it left a hammer bar with a long wick to the downside.
REN/USDT (Futures) Medium-Term Trend: Bullish
10-Mins Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 0.4061
Target Profit 1 @ 0.4200
Target Profit 2 @ 0.4339
Stop Loss @ 0.3922
Trade Safely 🙂