The intraday market interpretation of #REN.智能策略库🥇🥇 REN is as follows:
Currently, at the 15-minute level, we have observed the appearance of purple dots, which indicates the start of the short buy signal, and the signal has been steadily closed.
Therefore, near the next red dot, it is an ideal time to execute a short order. Investors, please pay attention to this opportunity!
Regarding the support level, we need to focus on the positions near 0.03435, 0.03407 and 0.03374.
However, it is important to remind you that the market is still in a bullish trend at the current 1-hour level.
This means that although we have chosen to short against the trend, the profit space may be relatively limited. Therefore, once profits are made, it is recommended that investors lock in profits in time to avoid greed leading to profit taking.
In terms of stop loss setting, it is recommended to set the stop loss point near the previous high of 0.03499. This is to effectively control potential losses, ensure that losses can be stopped in time under unfavorable circumstances, and protect the investment principal.
