REN/USDT Break Alert! Indicating Continue the Bullish Movement.
💎 REN has indeed left its mark in the cryptocurrency market. Currently, REN has successfully broken through the supply area and is currently undergoing a retesting phase at the demand area, which was previously the supply area.
💎 This sets the stage for a potential continuation of the upward movement, probability of reaching our target area.
💎 However, if REN retraces back to the demand area for a retesting phase, it needs to bounce decisively from this level to sustain the upward movement. Failure to hold the demand area could lead to a breakdown below it, potentially pushing the price toward the next demand area around $0.0697.
💎 At the demand area, it is crucial for REN to bounce convincingly, reclaiming the area above the previous resistance for continued upward momentum. Failure to do so may result in a continuation of the downward movement, eventually testing the strong support area.
💎 This sets the stage for a potential continuation of the upward movement, probability of reaching our target area.
💎 However, if REN retraces back to the demand area for a retesting phase, it needs to bounce decisively from this level to sustain the upward movement. Failure to hold the demand area could lead to a breakdown below it, potentially pushing the price toward the next demand area around $0.0697.
💎 At the demand area, it is crucial for REN to bounce convincingly, reclaiming the area above the previous resistance for continued upward momentum. Failure to do so may result in a continuation of the downward movement, eventually testing the strong support area.
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