Long
REEFUSDT 1D CHART
The price broke out of a descending wedge and has retested local support. The support wasn't broken, which indicates a strong presence of buyers. The price is expected to test resistance at 0.24 zone first. If resistance at that point is broken, then there would be a further move to the upside.
Entry: CMP. 0.21
Targets: Short term-0.22-0.24
Mid/Long term-0.26-0.38
SL: 0.197
This setup would be invalidated if the daily candle closes below the support zone.
Entry: CMP. 0.21
Targets: Short term-0.22-0.24
Mid/Long term-0.26-0.38
SL: 0.197
This setup would be invalidated if the daily candle closes below the support zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.