Short

RNDR IS VERY BEARISH (4H TF)

478
RNDR has reached a daily resistance. RNDR actually returned to this resistance, which is a falling order block, to gather orders.

CH has made a downtrend which is a good confirmation. In my opinion, RNDR is very runny.

I have specified the goals.

I have specified the invalidation level, closing 1 daily candle above this level will cause an analytical violation.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

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.