$RONIN Nears Recovery – Watch for Short-Term Upside!

RONIN

2.377

+4.11%

$RONIN is trading at $2.392 on the 15-minute chart, flat after pulling back from a 24-hour high of $2.528. The price is consolidating above the local low of $2.369, with the RSI at 38.51, indicating oversold conditions and a potential bounce.

Trade Setup:

Entry: around $2.39

Target 1 (TP1): $2.42

Target 2 (TP2): $2.45

Stop Loss (SL): $2.36

With the MACD trying to stabilize and volume showing early signs of recovery, RONIN could see a short-term bullish push. Traders should look for a move towards minor resistance levels, while ensuring tight stop loss management to mitigate downside risks