Long
REN Swing Long
This is a play that has been building for months now. With clear bullish divergence confirmed in the past two weeks, and REN being in a key area of interest, this is a trade worth examining.
In my view, as long as we can hold above 420 sats, this play is bullish. A break below and I am bearish and would expect more consolidation before a bullish potential stop hunt to flush out weak hands.
The first target stands at 28% which is comparable to past moves REN has made in short periods of time. No time frame on this one, but it looks decent so far.
In my view, as long as we can hold above 420 sats, this play is bullish. A break below and I am bearish and would expect more consolidation before a bullish potential stop hunt to flush out weak hands.
The first target stands at 28% which is comparable to past moves REN has made in short periods of time. No time frame on this one, but it looks decent so far.
Trade closed: target reached
Trade reached target for a $28% move.
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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.