Technical Analysis for $RONIN

/USDT💯🔥🔥

Current Price: $1.97

24h High/Low: $1.987 / $1.846

Trend: Bullish momentum (+6.88%)

Support Level: $1.846

Resistance Level: $1.987

Trade Signal:

Buy Entry: $1.97 (Current price)

Given the upward momentum and current market sentiment, there's potential for further gains.

Target Levels (🎯):

1. First Target: $1.99 (Approaching recent highs, expected resistance)

2. Second Target: $2.02 (Above previous resistance level)

3. Third Target: $2.05 (Psychological barrier and further resistance)

Stop-Loss: $1.87 (To limit risks in case of a bearish reversal)

Momentum:

Positive market momentum is indicated by the +6.88% increase in the last 24 hours. Trading volume is high, suggesting strong interest in upward movement. A breakout above $1.99 could signal an accelerated rally.

Recommendation: With current bullish momentum, consider entering a long position near $1.97, targeting the above levels while monitoring any retracement below $1.87 for caution.

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