#RDNT Anslysis
By Kashif Ejaz
Your RDNT/USDT chart shows a strong bullish breakout:
Key Observations:
1. Price Surge:
Current price: 0.0363 USDT
24h High: 0.0428 USDT
24h Low: 0.0294 USDT
+22.22% increase in 24 hours, showing strong momentum.
2. Volume Spike:
Trading volume has significantly increased, indicating high buying pressure.
3. RSI (Relative Strength Index):
RSI(6): 91.35 (Overbought)
RSI(14): 79.16 (Overbought)
RSI(24): 69.90 (Near Overbought)
These suggest the asset is overbought, meaning a possible short-term correction before another move.
Where Is It Going?
If buying pressure continues, RDNT/USDT could test or exceed 0.0428 USDT.
If sellers start taking profits, it might pull back to 0.033–0.030 support before resuming an uptrend.
Trading Strategy:
For Long Positions:
Wait for a pullback around 0.033–0.030 USDT before entering.
Target: 0.040–0.045 USDT if momentum continues.
For Short Positions:
Look for rejection near 0.040–0.043 USDT with confirmation of selling pressure.
Target: 0.033–0.030 USDT.