Long
RNDRUSDT heading for monthly resistance zone 2.645-2.939
I believe this is heading for the monthly resistance which is lying in the zone 2.645-2.939. Once its hits that range, it is likely the price will be pushed back from there. And might head down to look for a strong support. But lets watch first the price move to the monthly resistance.
Trade closed: target reached
So the price hit the monthly resistance zone and tapped the top of the zone and got pushed back intensely. The price dropped almost 15% after that. So this concludes this idea. I believe, the price is going to be under that resistance for a while. Lets check, what are the supports from where it can bounce to make a new high, in a new post.
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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.