$RONIN /USDT has been on a strong upward trend, breaking above several key resistance levels. The recent price action shows a consolidation phase after the rapid ascent, indicating potential for further bullish momentum.
Current Price: $2.026
Entry: $2.026 (Current Price)
Resistance Levels:
* $2.229
* $2.480
* $2.520
Support Levels:
* $1.937
* $1.686
* $1.646
Take-Profit Targets:
* TP1: $2.229 (7.5%)
* TP2: $2.480 (22.4%)
* TP3: $2.520 (24.4%)
Stop Loss: $1.937 (-4.4%)
Caution:
Traders should monitor the market closely for any signs of instability or a potential breakout. The RSI (Relative Strength Index) is currently at 76.156, indicating overbought conditions. A pullback to the nearest support level could be a healthy correction before the next upward move.
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