MyCryptoParadise

REN/USDT In the crucial Zone. Potential Upward Momentum ???

BINANCE:RENUSDT   Ren / TetherUS
πŸ’Ž REN has undoubtedly garnered our attention. Currently navigating within a descending channel, REN is making efforts to shatter this confining pattern, facing resistance at the trendline. For a bullish continuation, REN must decisively break through this descending channel. Achieving this could pave the way for a smooth ascent of the probability of reaching higher supply zones.

πŸ’Ž However, if REN falters in its breakout attempt or faces a rejection, it might need to retreat, possibly revisiting the demand zone ranging from $0.0425 to $0.042 to gather fresh momentum.

πŸ’Ž The situation could turn grim if, during its reassessment in the demand zone, REN encounters an inability to hold off the sellers. A definitive breach of this demand threshold could spell trouble, potentially triggering a sustained downward trajectory for REN, directing it towards a crucial support area.
Trade closed: target reached:
Bingo! #REN is dancing to our tune, up 22.60% just like we predicted.


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