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$REN/USDT 12h (Binance Futures) Descending channel breakout

Long
BINANCE:RENUSDT.P   Ren / TetherUS PERPETUAL CONTRACT
Ren broke out of that parallel channel and is looking really promising for another bull run.

Current Price= 1.09038
Buy Entry= 1.07150 - 1.01550
Take Profit= 1.34444 | 1.84850 | 2.32362
Stop Loss= 0.89266

Risk/Reward= 1:2 | 1:5.34 | 1:8.49
Expected Profit= +57.68% | +154.28% | +245.36%
Possible Loss= -28.92%

Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 1 month

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