RNDR has breached its main support level on the daily chart, and this support has now become resistance. Given this technical shift, a downward trend is anticipated. Investors are advised to apply proper risk management strategies. Consider entering short positions when the price reaches the designated blue zone.
RNDR has broken its upward trend line and completed the pullback, and in my opinion, it can have a suitable fall from here, and for the right time to buy, you must be patient until it reaches the golden range.
The short was expected from 4h resistance zone. However, we missed the ideal short entry at the start of S1 path as that was an expected retest of that resistance zone and provided an ideal short entry. But now S1 path is almost on completion. However, I believe there is still a short trade to be taken at the end of path L2. That may also extend to the resistance...
The price hit the daily resistance zone and now getting pushed back down. It is likely that the price will revisit the support zone marked on the chart around 0.930 - 0.940.
The price seems to be getting attracted towards the daily support 1 region. The 4h support it broke was probable as it was not a strong one. I believe a good bounce is expected from the daily support around 0.89.
The price seems to be attracted towards daily support1 zone. The price has been slowly moving towards it and is very likely to dip into this support zone.
