Market Context: RNDR has been through an extended markdown phase, with market makers taking profits, driving prices down to fair value. Now, the market appears to be in an accumulation phase, where most of the weak hands have exited. This creates an opportunity for strategic entry, positioning for the next bullish move.
Trade Setup:
Entry: $4.70 - $5.30
Take Profit:
First target: $6.30
Second target: $7.50
Third target: $9.00
Stop Loss: Daily close below $4.50
This trade aims to capitalize on the potential accumulation phase as RNDR prepares for a possible move higher. #RNDR #Crypto #Accumulation #PriceAction #Trading
Trade Setup:
Entry: $4.70 - $5.30
Take Profit:
First target: $6.30
Second target: $7.50
Third target: $9.00
Stop Loss: Daily close below $4.50
This trade aims to capitalize on the potential accumulation phase as RNDR prepares for a possible move higher. #RNDR #Crypto #Accumulation #PriceAction #Trading
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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.