Trading Signal Alert for $RONIN /USDT
Overview of Price Action: The RONIN/USDT pair has shown strong upward momentum, gaining 11.96% in the last 24 hours. The price currently sits at $2.265, with a high of $2.280 and a low of $1.999 over the same period. The chart reflects a steady bullish trend, supported by high relative strength (RSI = 90), indicating overbought conditions and a potential need for caution as it approaches resistance levels.
Key Levels:
Resistance: $2.280, $2.300
Support: $2.145, $1.999
Trade Setup:
Entry Price: $2.25 (on a slight pullback for better entry)
Take-Profit Targets:
1. $2.30
2. $2.35
3. $2.40
Stop Loss: $2.14 (to limit downside risk)
Cautionary Note: Traders should monitor price stability and look for confirmation of continued momentum or potential breakout above $2.280. Overbought RSI suggests a potential retracement; trade with proper risk management.
