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RENUSDT - BULLISH SETUP
Price is in a strong uptrend and recently provided us with a healthy pullback to the 0.50 fibonacci which the price bounced off as buyers stepped back into the market, i am expecting to see the continuation to the upside to follow and a new higher high to form from a daily perspective.
From an entry perspective what i am waiting to see is if the 4hr candle CLOSES above the 10ema in confluence with this small level of 4hr structure, on the retest this is where we will be looking to execute our order
From an entry perspective what i am waiting to see is if the 4hr candle CLOSES above the 10ema in confluence with this small level of 4hr structure, on the retest this is where we will be looking to execute our order
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