Updated
REN BULL OR SCAM?
⚠️Rank 637 on CoinMarketCap, down by 98.5%. This asset has been significantly undervalued and forgotten. It’s not needed by anyone, but as always, the public is stuck in it. Interestingly, its Twitter account has 120,000 followers—not a lot, but still decent. The asset might get pumped significantly.
❗️Currently, we’ve dropped 33% below support from the previous high. If you look at it, it’s just a small dip. There's a new accumulation zone, but it’s within a descending channel, and the price is being squeezed toward a breakout of the trendline. I believe we’ll see a resolution by the end of the year.
📈Minimal targets are $0.13, which is a 300% gain from the current levels. On a bullish market, the asset could rise by as much as 1100% from this entry point. By the way, the price is now even lower than the ICO price — that's the state of this cryptocurrency!
✔️How should you trade it?
Don’t go into futures. The asset has already dropped deeply—going further down would be only for a scam.
You can start buying in a ladder strategy: the first purchase now, the second near support, and the third even lower—though it’s unlikely to drop further.
You can enter on a breakout. If you catch a false breakout, that will be your first entry, so it’s up to you to decide.
❗️Currently, we’ve dropped 33% below support from the previous high. If you look at it, it’s just a small dip. There's a new accumulation zone, but it’s within a descending channel, and the price is being squeezed toward a breakout of the trendline. I believe we’ll see a resolution by the end of the year.
📈Minimal targets are $0.13, which is a 300% gain from the current levels. On a bullish market, the asset could rise by as much as 1100% from this entry point. By the way, the price is now even lower than the ICO price — that's the state of this cryptocurrency!
✔️How should you trade it?
Don’t go into futures. The asset has already dropped deeply—going further down would be only for a scam.
You can start buying in a ladder strategy: the first purchase now, the second near support, and the third even lower—though it’s unlikely to drop further.
You can enter on a breakout. If you catch a false breakout, that will be your first entry, so it’s up to you to decide.
Trade active
We reached the upper zone and closed half of the position.
💎My telegram with analytics and training: t.me/TradersNotes17
💎Мой Telegram-канал с аналитикой и обучением: t.me/typicaltraderss
💎Мой Telegram-канал с аналитикой и обучением: t.me/typicaltraderss
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💎My telegram with analytics and training: t.me/TradersNotes17
💎Мой Telegram-канал с аналитикой и обучением: t.me/typicaltraderss
💎Мой Telegram-канал с аналитикой и обучением: t.me/typicaltraderss
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.