RONIN/USDT Technical Analysis & Trade Signal
Current Price: $2.309
24h High: $2.320
24h Low: $2.072
Price Change (24h): +6.01%
Technical Indicators:
Support Level: $2.072 (strong support, observed in the 24h low)
Resistance Level: $2.320 (near the 24h high, potential resistance zone)
Moving Averages: Short-term bullish momentum, as price is above key moving averages
RSI: Around 60, indicating moderate bullish momentum (not overbought)
Trade Signal:
Buy Signal: Enter at $2.309 (current price), targeting a potential price surge with bullish momentum.
Target Levels 🎯:
1. Target 1: $2.350 (initial resistance level, profit-taking point)
2. Target 2: $2.400 (next resistance zone for potential upward breakout)
3. Target 3: $2.450 (long-term bullish target, higher potential based on momentum)
Trade Momentum:
Bullish: The current price is above key support and short-term moving averages. RSI shows moderate bullishness, and there is upward momentum in the short term.
Caution: Watch for any reversal signals around the resistance levels ($2.320 - $2.350). Consider stop-loss just below $2.070 to manage risk in case of a sharp pullback.
Trade Recommendation: Buy near $2.309, with profit-taking at the specified target levels and a stop-loss below $2.070.
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