LONG TRADE: oversold w/ bullish Squeeze @ POC SUPPORT.
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REPUSDT is creating a falling wedge, and now is testing the upper trendline and daily resistance, after the price bounced on weekly support.
IF the price will have a breakout upward, and flip daily resistance into support, According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly...
REP is still under strong selling pressure continuously and has continuously appeared false breaks and long wicks. So REP is still trending down for the next few days, the target is the 11-11.5$ zone.
The situation will be only changed if REP closes a 1D candle above the 13-13.5$ zone, and the target will be 14.5-15$, this zone is very very strong and it's so...
RENUSDT - LONG - POTENTIAL 16.88%
Entry - 17.914
TP1 - 18.533
TP3 - 20.986
Please comment with thoughts and how you get on.
If you like the idea, then hit like on the idea & support with a follow.
Good luck out there & Your investments are your responsibility.
After my analysis, I think the candles go up at the resistance line(23.521) and go down at the dashed line.
So if you wanna buy, you may buy now and sell the resistance line(23.521). Awhile the candles go up and down between the resistance line and the dashed line.