๐ย $RNDR Bearish Chart Analysis
#RNDR currently shows bearish trends but is trading at a Point of Interest (POI) area, indicating a potential bounce back from this zone.
๐ Expectations:
๐น Anticipating a 30%-40% upward move from the current zone before the next downward leg towards the Order Block (OB) atย $4.50.
๐น Expecting the price to grab some liquidity from the OB level and bounce.
๐ด Red OB:
๐น Could serve as an ideal short entry zone with a small stop loss.
๐น If the price breaks down from the current zone, the best long entry could be around theย $5-$4ย range.
Keep an eye on these levels and adjust your strategies accordingly.
