$REN IS ON THE VERGE OF A BULLISH SURGE!
TECHNICAL BREAKDOWN
โช๏ธ 4โhour RSI at 32.19 shows oversold conditions while price is still above EMAโ20, hinting at a potential bullish divergence.
โช๏ธ Price has held above the 20โEMA (0.0457) and is testing the 4โhour support zone at 0.0427, indicating strength against the descending EMAโ50 (0.047).
ACTIONABLE TRADE SETUP
โช๏ธ Entry Zone: 0.0425โฏโโฏ0.0430 (near current 0.0427)
โช๏ธ TP1: 0.0531 (major resistance)
โช๏ธ TP2: 0.0600 (extended upside)
โช๏ธ SL: 0.0385 (just below support 0.0387)
โช๏ธ 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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