$RAD 🚀 RAD Market Analysis: Breakout or Further Decline?
🔹 Current Price: $0.824 ❌ (Below MA15 & MA20)
🔹 15-Day MA: $0.837 🔽 (Price Below)
🔹 20-Day MA: $0.843 🔽 (Price Below)
🔹 RSI: 45.57 (Bearish to Neutral)
🔹 Resistance Level: $0.965 🔼
🔹 Support Level: $0.799 🔽
🔹 Chart Pattern: Slightly Descending Triangle 📉
📊 Market Insight: Bearish Pressure in Play
RAD is trading below both moving averages (MA15 & MA20), signaling weak short-term momentum. The RSI at 45.57 indicates mild bearish pressure, and the descending triangle pattern suggests a possible breakdown if support at $0.799 is breached. However, a strong bounce could trigger a reversal toward the resistance at $0.965.
📈 Trading Strategy: Key Entries & Targets!
🔵 Bullish Scenario (Reversal Trade)
✅ Entry Zone: Above $0.835 (Confirmation of bullish momentum)
🎯 Target 1: $0.880 (Short-term recovery)
🎯 Target 2: $0.930 - $0.965 (Major breakout zone)
🛑 Stop Loss: Below $0.810 (Near support level)
🔴 Bearish Scenario (Breakdown Trade)
✅ Entry Zone: Below $0.799 (Support breakdown confirmation)
🎯 Target 1: $0.770 (First downside target)
🎯 Target 2: $0.740 (Stronger support zone)
🛑 Stop Loss: Above $0.820 (Re-entry point for bulls)
🚀 Conclusion: Cautious Trading Required!
With bearish pressure and a descending triangle pattern, RAD could break down further if support fails. However, a strong bounce above $0.835 could trigger a recovery. Wait for confirmation before entering trades!
📢 Watch the key levels closely—next big move is coming!
