Hello Traders, REN/USDT created a quick break of structure to the downside on opening, but soon reversed to the upside. Buyers could become exhausted around the premium sell zone and price could continue with a move to the downside. Targets are on the chart. A stop has been provided, though this will depend on your trading style. Good luck!
Trade closed: target reached:
The trade didn't reach the premium zone but instead was turned away from the order block, resulting in good profits. Will let some profit trail with a stop above target 3 until the market shows a bounce. I hoped this helped you obtain some good profits. All the best.