📉 $RNDR Bearish Chart Analysis
#RNDR currently shows bearish trends but is trading at a Point of Interest (POI) area, indicating a potential bounce back from this zone.
📈 Expectations:
🔹 Anticipating a 30%-40% upward move from the current zone before the next downward leg towards the Order Block (OB) at $4.50.
🔹 Expecting the price to grab some liquidity from the OB level and bounce.
🔴 Red OB:
🔹 Could serve as an ideal short entry zone with a small stop loss.
🔹 If the price breaks down from the current zone, the best long entry could be around the $5-$4 range.
Keep an eye on these levels and adjust your strategies accordingly.
