Do you guys remember the $RENDER positional trade we took? Maybe not, because it’s been more than two weeks now!
Look where it is now. Technicals absolutely rocked on this one.
The weekly retest is done, the breakout structure is holding, and the move is still far from over. This was always planned as a positional trade, so we’re not here to rush the exit after a move like this.
We got the weekly downtrend breakout, followed by the retest, and price is now holding above the previous resistance zone. That’s exactly the kind of confirmation we wanted to see before expecting the next leg higher.
The bigger target is still sitting around $2.78,and their is long way to go!!!
For now, I’m staying patient and letting the trade play out. No need to chase candles or get emotional after a few green days.
Technicals gave the setup. Patience is doing the rest.
$RENDER positional trade is still active. Weekly retest done now we’re good to go for the next leg.
Look where it is now. Technicals absolutely rocked on this one.
The weekly retest is done, the breakout structure is holding, and the move is still far from over. This was always planned as a positional trade, so we’re not here to rush the exit after a move like this.
We got the weekly downtrend breakout, followed by the retest, and price is now holding above the previous resistance zone. That’s exactly the kind of confirmation we wanted to see before expecting the next leg higher.
The bigger target is still sitting around $2.78,and their is long way to go!!!
For now, I’m staying patient and letting the trade play out. No need to chase candles or get emotional after a few green days.
Technicals gave the setup. Patience is doing the rest.
$RENDER positional trade is still active. Weekly retest done now we’re good to go for the next leg.
