$RONIN $RONIN

$RONIN /USDT Short Trade Analysis:

Current Price: $1.428

Resistance Levels:

1. Primary Resistance: $1.463 (24h High) — A clear level of resistance where the price has recently been rejected.

2. Secondary Resistance: $1.476 — Slightly higher, but near the top of the range, a critical level for a breakout.

Entry Point:

Short Entry: Enter near $1.428 (current price) or if price touches $1.463, depending on the market's reaction to this level.

Stop Loss:

Stop Loss: Place stop loss just above $1.476 (secondary resistance) to protect from a potential breakout above this level. A stop loss around $1.48 would provide a safe margin.

Take Profit Levels:

Target 1: $1.336 (24h Low) — A strong support level from the recent market range.

Target 2: $1.233 — A deeper support level that aligns with previous price action.

Reasoning:

RONIN has shown resistance at $1.463 and $1.476, where it has recently struggled to push higher. If price fails to break these levels, it is likely to reverse and head toward lower support zones.

With $1.428 as a key area of resistance, the market could face difficulty moving upward, making it a potential short opportunity. The targets lie at recent low points, such as $1.336 and $1.233, where further support may be found

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