#RNDR: $RNDR RNDR today's market analysis
Today's RNDR market showed a certain volatility. At the 1-hour level, we observed the appearance of yellow signal points, which often means that the market is about to rebound. At the longer 2-hour and 4-hour levels, the bulls dominate. Therefore, today we need to pay special attention to the key position of 7.5303, the long-short watershed at the 4-hour level.
In the downward trend, we should first pay attention to the three key prices below: 7.4019, 7.3115 and 6.9501. These prices have formed strong support in the past market. If the RNDR price can stabilize in this range, it is possible to create opportunities for subsequent rebounds.
However, from the perspective of rebound, the upper target price is also worthy of our attention. Once the market rebounds, we should first pay attention to the three prices of 7.6587, 7.7348 and 7.9298. These prices have formed obvious pressure in the past market. If RNDR can successfully break through these resistance levels, it is expected to further open up the upside space.
During the trading process, investors are advised to maintain a high degree of market sensitivity and capture the subtle changes in long and short forces in real time through short-term operations. While grasping each wave of the market, we must also pay attention to risk control and ensure the stability of investment.
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