RNDR Mid-Long Term Plan
Long ass range isn't it?
Just an idea on how things could play out.
If we get acceptance back into the range I wouldn't put it past a bullish dildo to mid point of the range.
If BTC pushes up above 31k, wouldn't be surprised if RNDR hit the Top of the range.
Pros:
1. AI narrative still going around
2. Popular amongst CT
3.Everyone wants to short this, so easy to hit short squeezes due hype.
Cons:
1. Shitcoin
2. Narrative pump
3. If the point is to rent out GPU computing power, then why do you need a token?
(Sounds like something that will have heavy sell pressure, once the narrative dies out)
NB! invalidation is clear, which is why you should be careful for a SL hunt.
Just an idea on how things could play out.
If we get acceptance back into the range I wouldn't put it past a bullish dildo to mid point of the range.
If BTC pushes up above 31k, wouldn't be surprised if RNDR hit the Top of the range.
Pros:
1. AI narrative still going around
2. Popular amongst CT
3.Everyone wants to short this, so easy to hit short squeezes due hype.
Cons:
1. Shitcoin
2. Narrative pump
3. If the point is to rent out GPU computing power, then why do you need a token?
(Sounds like something that will have heavy sell pressure, once the narrative dies out)
NB! invalidation is clear, which is why you should be careful for a SL hunt.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.