💎 RDNT has undeniably attracted significant attention in the market. After a perfect bounce from the demand area, marked by a bullish candle rejection and a subsequent strong green candle, RDNT is poised to attempt another breakout of the $0.302 supply area, following its unsuccessful attempt on November 10. A successful break above this supply zone, probability could pave the way for RDNT to effortlessly reach our target in the major supply area.
💎 However, if RDNT encounters resistance in the supply area and consolidates sideways, there's a potential for a downward movement, prompting a retest of the demand zone to generate new momentum.
💎 The bad scenario is confirmed if, during the retesting phase at the demand area, RDNT fails to maintain its position and undergoes a breakdown. In such a case, RDNT may revert to a bearish trend, potentially retracing to the key support area.
💎 However, if RDNT encounters resistance in the supply area and consolidates sideways, there's a potential for a downward movement, prompting a retest of the demand zone to generate new momentum.
💎 The bad scenario is confirmed if, during the retesting phase at the demand area, RDNT fails to maintain its position and undergoes a breakdown. In such a case, RDNT may revert to a bearish trend, potentially retracing to the key support area.
Trade closed: target reached
Just like clockwork, #RDNT is tracing our forecast, hitting that sweet 40.17% growth mark.
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.