Short
REN broke down rising wedge

#RENUSDT
REN broke down from lower line of rising wedge and now pullback to confirm support as resistance.
after this pullback price can drop more to support zone between 0.5 and 0.618 fib levels of last swing high.
if price break out from descending and ascending resistance this bearish scenario will be invalid.
after this pullback price can drop more to support zone between 0.5 and 0.618 fib levels of last swing high.
if price break out from descending and ascending resistance this bearish scenario will be invalid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.