๐ $REZ 4H | Dead-cat bounce or reversal?
Renzo (REZ): liquid restaking protocol built on Ethereum.
Price: ~0.003840 (-3.95%). Lower highs since 0.004664, price below EMA 7/20/50 (0.003847 / 0.003917 / 0.004045), MACD flat and bearish, RSI(6) ~47 after bouncing from 0.003604.
๐ฏ Main plan: Short on pullback
Entry: 0.003900โ0.003920
SL: 0.004060
TP1: 0.003700
TP2: 0.003604
TP3: 0.003450
R:R โ 1.4 / 2 / 3.1
๐ Alternative: Long only after a 4H close above 0.004060
Entry: 0.004060โ0.004100
SL: 0.003900
TPs: 0.004251 / 0.004484 / 0.004664
๐ก๏ธ Small-cap = volatile. Risk 1โ2% per trade, low leverage, take partials.
โ ๏ธ Not financial advice. DYOR.
๐ฌ Bounce or more downside? Comment below ๐
#REZ #BinanceSquare #Write2Earn #crypto
Renzo (REZ): liquid restaking protocol built on Ethereum.
Price: ~0.003840 (-3.95%). Lower highs since 0.004664, price below EMA 7/20/50 (0.003847 / 0.003917 / 0.004045), MACD flat and bearish, RSI(6) ~47 after bouncing from 0.003604.
๐ฏ Main plan: Short on pullback
Entry: 0.003900โ0.003920
SL: 0.004060
TP1: 0.003700
TP2: 0.003604
TP3: 0.003450
R:R โ 1.4 / 2 / 3.1
๐ Alternative: Long only after a 4H close above 0.004060
Entry: 0.004060โ0.004100
SL: 0.003900
TPs: 0.004251 / 0.004484 / 0.004664
๐ก๏ธ Small-cap = volatile. Risk 1โ2% per trade, low leverage, take partials.
โ ๏ธ Not financial advice. DYOR.
๐ฌ Bounce or more downside? Comment below ๐
#REZ #BinanceSquare #Write2Earn #crypto
