RENUSDT FAlling Wedge pattern, bullish divergency, LONG

This idea is based on a felling wedge pattern the t/p is our next resistance level but it might be a good idea to cash 50-75% at the indicated level and keep remaining investment as the price of Ren might go higher as the world turns to cryptos and decentralised finance ecosystems. You can see the chop index is over 60 (4h) while Stoch is quite low thus meaning there is one direction to go :)

Please remember this is just an idea not an advise, position your s/l to protect your capital

Trade geschlossen: Stop wurde erreicht