Hello, how are you crypto lover, here I bring you my view on the $REN token in long-term perpetual futures (Binance daily chart).
It is in a lateral movement between 0.064 - 0.052 through the area of highest transaction volume seen from the volume profile, where a SQUEEZE shows us turning upward, like the MACD. It should also be noted that an ADX is seen above point 23, which shows us a strong movement.
We also observe in the liquidity map an accumulation of shorts in the area of 0.0618 - 0.0626
Therefore I wait for a REN testing the 200 period average, leaving a wick above 0.062.
Share and Like, you would help me a lot!
What crypto would you like me to analyze? write it in the comments!