RNDRUSDT trading opportunity
Updated
RNDRUSDT has recently experienced a breakthrough above the neckline of the Cup and Handle setup. Notably, the neckline has successfully transformed into a support level, instilling greater confidence among bulls.
Anticipating a potential pullback towards this neckline, as it now acts as a solid support, the focus shifts to observe the external supply zone. This zone is poised to serve as a major resistance, potentially causing a temporary halt or reversal in the bullish momentum in the short term.
The overall setup target, as illustrated on the chart, provides a comprehensive view of the potential trajectory following the recent price action.
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Thank you for your participation.
Anticipating a potential pullback towards this neckline, as it now acts as a solid support, the focus shifts to observe the external supply zone. This zone is poised to serve as a major resistance, potentially causing a temporary halt or reversal in the bullish momentum in the short term.
The overall setup target, as illustrated on the chart, provides a comprehensive view of the potential trajectory following the recent price action.
Your engagement, including likes and comments, is encouraged to foster discussion and gain insights into the broader market sentiment.
Thank you for your participation.
Trade active
Rndrusdt has witnessed a notable surge subsequent to its breakout from the Cup and Handle neckline zone, aligning with our prior projections. Consequently, we have identified a fresh area conducive to re-accumulation or buying opportunities, particularly the immediate demand zone. It is advisable to set the stop loss below the recent swing low, approximately around 3.33$.Trade active
Trade active
The setup target still a good area to watch on the coin.Trade active
Trade active
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