$RONIN Long Liquidated!
A $1.39K long position on $RONIN was liquidated at $1.80177, signaling a shift towards bearish market sentiment. The liquidation indicates that the bulls were unable to hold prices, and sellers are now in control.
Key Takeaways:
Bearish Pressure: The liquidation reflects weakening upward momentum, with potential for further declines if the selling pressure continues.
Support Levels at Risk: If the bearish trend persists, $RONIN could face a test of lower support zones.
RONIN Technical Breakdown:
Resistance Level: $1.85
Support Zone: $1.75
Momentum: Bearish, with downside risks increasing
Will ronin stabilize near support, or is a deeper drop coming? Keep an eye on market sentiment and trading volume for clues!
