Chart technical analysis + trade setup 🚨🚨
Coin pair: $RNDR
A bullish pennant formation typically occurs after a strong upward price movement, followed by a consolidation phase. In the case of RNDR/USDT.p, you would observe a symmetrical triangle pattern resembling a small flag, where the price consolidates within converging trendlines. The pennant is characterized by decreasing trading volumes during this consolidation.
Traders often anticipate a continuation of the previous uptrend when the price breaks out above the upper trendline of the pennant. This breakout is seen as a bullish signal, potentially leading to further upward movement in the RNDR/USDT.p pair. However, it's essential to consider other technical indicators and market conditions for a comprehensive analysis before making trading decisions.
Trade Setup📈:
- Trade Type: Long 📈
- Leverage: Isolated 8.0X
Entry Orders:
✅ 4.471
Take-Profit Orders:
🎯 4.585 - 10.0%
🎯 4.612 - 10.0%
🎯 4.655 - 10.0%
🎯 4.721 - 70.0%
Stop-loss Orders:
🚨 4.195
We post 2-6 daily trades with an average ROI of 70%. Proof on our profile 👉👉
