REN: Case of Don't Chase
We noticed one of the top-performing alts of the last 24 hours was REN. RENBTC has come to a horizontal and diagonal resistance point near 675.
As is the case with all these small coins, we don't think you should FOMO into a long at resistance. That said, if REN does take out 675, the next upside target 871.
Bottom Line: If you are going to FOMO into anything, FOMO into Bitcoin (BTC), Ethereum (ETH), or Litecoin (LTC). Chasing coins like REN that are up 25% doesn't seem to make much sense.
As is the case with all these small coins, we don't think you should FOMO into a long at resistance. That said, if REN does take out 675, the next upside target 871.
Bottom Line: If you are going to FOMO into anything, FOMO into Bitcoin (BTC), Ethereum (ETH), or Litecoin (LTC). Chasing coins like REN that are up 25% doesn't seem to make much sense.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.