$RONIN /USDT BULLISH CONSOLIDATION โ GAMING TOKEN EYEING BREAKOUT! ๐ฎ๐
๐ Current Price: $0.500 (+1.42%)
๐ 24H High: $0.503
๐ 24H Low: $0.472
๐ 24H Volume: 18.02M RONIN / $8.75M USDT
๐ TECHNICAL ANALYSIS:
$RONIN is trading near a key support-turned-resistance level at $0.500, after bouncing from the $0.472 low. Itโs currently in a tight consolidation range, building momentum for a potential breakout.
The 4H chart shows price compressing with higher lows, forming an ascending triangle pattern โ typically bullish. A confirmed breakout above $0.503 could trigger a move toward the $0.550โ$0.600 range, especially with increasing volume in the gaming sector.
๐ KEY LEVELS TO WATCH:
๐ผ Resistance 1: $0.503 (short-term breakout level)
๐ผ Resistance 2: $0.550
๐ผ Resistance 3: $0.600
๐ฝ Support 1: $0.485 (short-term pullback zone)
๐ฝ Support 2: $0.472 (24H low / strong demand)
๐งญ TRADE SETUP โ LONG IDEA:
๐ฅ Entry Zone: $0.490 โ $0.502 (on breakout retest or dip)
๐ฏ Targets:
TP1: $0.525
TP2: $0.550
TP3: $0.600
๐ Stop Loss: $0.467 (below key support level)
๐ก RISK MANAGEMENT STRATEGY:
Use 2โ4% of total capital
Move SL to breakeven once TP1 hits
Watch for breakout volume confirmation above $0.503
Avoid overtrading during consolidation
๐ข RONIN is coiling for a move โ a breakout above $0.503 with volume could signal strong upside toward $0.60. Stay ready!
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