$RONIN
/USDT Technical Analysis and Trade Signal
Current Price: $2.342
Trade Momentum: Bullish (Price up +8.73%, strong 24h volume)
Technical Indicators:
RSI: Near 60-70, indicating upward momentum but watch for overbought conditions.
Moving Averages: Price above 20-day EMA suggests an ongoing uptrend.
Support: $2.261 and $2.072
Resistance Levels: $2.349 and $2.363
Trade Signal:
Entry Zone (Long): $2.30 - $2.35
Stop Loss: $2.20
šÆ Target Levels:
1. Target 1: $2.40 (Immediate resistance)
2. Target 2: $2.50 (Strong psychological resistance)
3. Target 3: $2.65 (Fibonacci extension target)
Recommendation: Look for consolidation around $2.34 to confirm sustained buying before entering. If it breaks above $2.363 with volume, momentum could drive it to higher targets.
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