RNDR - accumulation
Updated
RNDR/USDT: upward pennant, which indicates a continuation of an upward trend after a consolidation phase. Key levels to watch are $8.68 (support) and $13.81/$17.60 (resistance). Volume is decreasing, which is common in this pattern. The RSI is neutral at 57.54. Traders might wait for a breakout above the pennant with increased volume to consider a long position, using a stop-loss below the pennant's lower trendline for risk management. Remember to consider other factors like market sentiment and news.
Trade closed: stop reached
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