RENBTC - Bullish divergence on daily

Entry: 0.00000530

Target 1: 0.00000644
Target 2: 0.00000712


Stop loss is 2 ATR levels away: 0.00000474

R/R ratio:
Target 1: 1:2
Target 2: 1:3

Bullish divergence can be seen on the daily, and currently on the 4H as well, so the current level looks good to step in.


The Stochastic RSI, has crossed as well on the daily.

Comment:

The Stoploss was hit, although I reentered straight away again.

You can still enter again, as the setup is still valid, Due to the heavy pump, and then dump (Bart), we have seen that many alts have decreased in value, due to this odd BTC movements, most trades went ash tray.

But now we have a possibility to reenter again, because it can still work out properly.

Trade closed: stop reached:

Bullocks. Btc dumps took ren with it. Again.