AndyCarter

REN Swing Long

Long
BINANCE:RENBTC   Ren / Bitcoin
This is a play that has been building for months now. With clear bullish divergence confirmed in the past two weeks, and REN being in a key area of interest, this is a trade worth examining.

In my view, as long as we can hold above 420 sats , this play is bullish . A break below and I am bearish and would expect more consolidation before a bullish potential stop hunt to flush out weak hands.

The first target stands at 28% which is comparable to past moves REN has made in short periods of time. No time frame on this one , but it looks decent so far.
Trade closed: target reached: Trade reached target for a $28% move.

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