RNDR has breached its main support level on the daily chart, and this support has now become resistance. Given this technical shift, a downward trend is anticipated. Investors are advised to apply proper risk management strategies. Consider entering short positions when the price reaches the designated blue zone.
RNDR looks heavy atm... Time for a short position... It lost the trendline, made a deviation allready... See chart for more info...
RNDR has broken its upward trend line and completed the pullback, and in my opinion, it can have a suitable fall from here, and for the right time to buy, you must be patient until it reaches the golden range.
Every top is an opportunity to open a short position. Your own risk Your likes and comments are not important
RNDR reach a strong demand, So this currency represents a short position. Of course, the stop loss and mony management should also be considered.
It looks like the price would like to head for daily support area. A short is favorable here.
The short was expected from 4h resistance zone. However, we missed the ideal short entry at the start of S1 path as that was an expected retest of that resistance zone and provided an ideal short entry. But now S1 path is almost on completion. However, I believe there is still a short trade to be taken at the end of path L2. That may also extend to the resistance...
Lets try this quick short to 30m support around 0.996.
The price hit the daily resistance zone and now getting pushed back down. It is likely that the price will revisit the support zone marked on the chart around 0.930 - 0.940.
The price seems to be getting attracted towards the daily support 1 region. The 4h support it broke was probable as it was not a strong one. I believe a good bounce is expected from the daily support around 0.89.
The price seems to be attracted towards daily support1 zone. The price has been slowly moving towards it and is very likely to dip into this support zone.