$RONIN Nearing a Rebound – Watch for Short-Term Upside!
$RONIN is trading at $2.392 on the 15-minute chart, stabilizing after a pullback from its 24-hour high of $2.528. The price is holding above the local low of $2.369, with RSI at 38.51, suggesting oversold conditions and a possible bounce.
Trade Setup:
Entry: Around $2.39
Target 1 (TP1): $2.42
Target 2 (TP2): $2.45
Stop Loss (SL): $2.36
With MACD attempting to flatten and volume showing early signs of recovery, RONIN could see a short-term upward push. Traders should look for a move toward the minor resistance levels, ensuring strict stop-loss management to mitigate downside risks.