📈 Long Trade Setup – RENDERUSDT
A long entry was triggered at $4.64 following a confirmed uptrend supported by multiple indicators:
EMA Alignment: Fast and slow EMAs show bullish alignment.
HTF Confirmation: Higher timeframe EMAs are also trending upward.
RSI & MACD: Both confirm momentum with RSI above threshold and MACD histogram positive.
Entry Zone: Price retraced to a Fib-based support level, offering a risk-defined entry.
Stop Loss: Positioned at $4.533, just below recent structure.
Take Profit: Set at $4.819, targeting a clean 2:1 reward-to-risk ratio.
The trade capitalizes on trend continuation supported by multi-timeframe confluence and momentum strength.
A long entry was triggered at $4.64 following a confirmed uptrend supported by multiple indicators:
EMA Alignment: Fast and slow EMAs show bullish alignment.
HTF Confirmation: Higher timeframe EMAs are also trending upward.
RSI & MACD: Both confirm momentum with RSI above threshold and MACD histogram positive.
Entry Zone: Price retraced to a Fib-based support level, offering a risk-defined entry.
Stop Loss: Positioned at $4.533, just below recent structure.
Take Profit: Set at $4.819, targeting a clean 2:1 reward-to-risk ratio.
The trade capitalizes on trend continuation supported by multi-timeframe confluence and momentum strength.
Trade closed: target reached
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.
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.