RENDER / TetherUSPembelian
RENDER trade entry set up
Diupdate
Long term analysis
On a weekly timeframe,RENDERUSDT is developing a powerful bullish wave since January 2023. The last corrective wave (around -70%) seems to be ending with a reversal pattern. In addition we have a weekly golden cross signal which from history gave good opportunities from the last 2 waves and the flat and narrow bollinger bands hint at a potential explosive move upward.
Strategy
Buy on the break of the resistance line of 7.70$.
Invalidation
Mental Stop: below the last low of 6.90$
If prices retrace to this level we will wait for the daily close price then set a Stop loss ¼ or Risk below the weekly close price.
On a weekly timeframe,
RENDERUSDT is developing a powerful bullish wave since January 2023. The last corrective wave (around -70%) seems to be ending with a reversal pattern. In addition we have a weekly golden cross signal which from history gave good opportunities from the last 2 waves and the flat and narrow bollinger bands hint at a potential explosive move upward.Strategy
Buy on the break of the resistance line of 7.70$.
- Objective 1: back to the next resistance at 9.80$ (+30%)
- Objective 2: ATH at 13.50$ (+75%)
- Objective 3: Wave V extension around 30$ (+290%)
Invalidation
Mental Stop: below the last low of 6.90$
If prices retrace to this level we will wait for the daily close price then set a Stop loss ¼ or Risk below the weekly close price.
Trade aktif
Breakout done, let's monitor the trade which is now activeCatatan
Objective 1 has been reached ✅
Let's take our first profits with 30% gains and secure our position to target the next objectives.
Trading ditutup: stop tercapai
Our protective stop was triggered at 9,80$
We are out with a bit less than 30% profits on this trade.
Let's move on and focus on our next opportunities.
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