$REZ rocket BULLISH MOMENTUM 🚀
📈 REZ Trading Strategy — Fibonacci-Based
🔢 Fibonacci Retracement Analysis
Assuming recent swing low = $0.01100, swing high = $0.01440 (past 7-day move):
Fibonacci Level Price Zone (Approx.)
23.6% ~$0.0137
38.2% ~$0.0132
50.0% ~$0.0127
61.8% ~$0.0122
78.6% ~$0.0116
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🔍 Fundamental Outlook (Renzo Protocol)
Purpose: Liquid restaking protocol aligned with EigenLayer ecosystem.
Catalyst: Recently launched, riding LRT (Liquid Restaking Token) narrative.
Concerns: High FDV (fully diluted value), unlock schedule may pressure price.
Positive: High Ethereum narrative correlation and potential adoption via EigenLayer growth.
Strategy 1: Fibonacci Pullback Entry
Buy Zone: $0.0122–$0.0127 (50–61.8% Fib zone)
Confirmation: Bullish candle or volume spike in this zone
Targets:
T1: $0.0137 (23.6%)
T2: $0.0144 (swing high)
T3: $0.0158 (extension level 1.618)
Stop-Loss: Below $0.0115 (under 78.6% retracement)
Disclaimer
This analysis is for educational purposes only and not financial advice. Cryptocurrency investments are highly volatile. Please DYOR (do your own research) and consult a licensed financial advisor before investing.