$REN IS ON THE VERGE OF A BULLISH SURGE!
TECHNICAL BREAKDOWN
▪️ 4‑hour RSI at 32.19 shows oversold conditions while price is still above EMA‑20, hinting at a potential bullish divergence.
▪️ Price has held above the 20‑EMA (0.0457) and is testing the 4‑hour support zone at 0.0427, indicating strength against the descending EMA‑50 (0.047).
ACTIONABLE TRADE SETUP
▪️ Entry Zone: 0.0425 – 0.0430 (near current 0.0427)
▪️ TP1: 0.0531 (major resistance)
▪️ TP2: 0.0600 (extended upside)
▪️ SL: 0.0385 (just below support 0.0387)
▪️ Risk/Reward: Approx. 1:2.5
Are you opening a Long or Short position on $REN ?
Not financial advice. Always DYOR.
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