$RONIN Nears Recovery: Key Levels for a Short-Term Play
$RONIN is trading at $2.248 on the 15-minute chart, showing early signs of stabilization after a pullback from its 24-hour high of $2.320. The price is finding support near $2.230, which could trigger a bounce if buyers return. This creates an opportunity for short-term gains as momentum builds.
A calculated entry at $2.240 – $2.250 offers a favorable setup, with closely spaced targets to ensure a safe trade: TP1 at $2.260, TP2 at $2.275, and TP3 at $2.290. To manage downside risk, a stop-loss at $2.220 is recommended if support fails.
The RSI at 42.59 suggests RONIN has room to move upward, while MACD shows a slowing bearish momentum, indicating a possible recovery. Monitor volume for confirmation, as a breakout above $2.260 could attract additional buying interest.