$RONIN

/USDT Technical Analysis and Trade Signal🚀🎯

Current Overview:

Price: $2.07 (+13.22%)

Trend: Bullish

Indicators:

Bollinger Bands: Price is above the upper band, signaling strong momentum but potential overbought conditions.

SAR: Bullish with SAR support at $1.885.

Momentum: Strong buying pressure with high trading volume.

Technical Analysis:

1. Support Levels:

$1.92: Middle Bollinger Band and psychological level.

$1.885: SAR support and a key trailing stop-loss level.

2. Resistance/Target Levels:

$2.12: Recent 24-hour high and immediate resistance.

$2.18: Next key resistance based on Fibonacci extensions.

$2.30: Major psychological and Fibonacci extension target.

3. Momentum Analysis:

Momentum is strong, with price sustaining above the upper Bollinger Band.

If momentum fades, expect a pullback to $1.92–$1.885 before another upward attempt.

Trade Signal 🎯:

Entry: Enter long on a breakout above $2.12 or on a pullback near $1.92–$1.94.

Targets:

1. Target 1: $2.12

2. Target 2: $2.18

3. Target 3: $2.30

Stop-Loss: $1.87 (below SAR support to minimize risk).

Momentum Confirmation:

If price holds above $2.12 with volume confirmation, the bullish trend is likely to continue toward $2.18 and $2.30.

A break below $1.885 would invalidate the trade and signal a potential trend reversal.

#ThanksgivingBTCMoves #AIAndGameFiBoom #BinanceBNSOLPYTH #MarketInTheGreen #BSCOnTheRise