RNDR has officially broken out of the long-standing descending trendline, confirming a bullish reversal structure. This breakout comes after a sustained consolidation phase and successful retest, indicating strength in buyer momentum.
🔍 Technical Breakdown:
Descending triangle breakout confirmed
Previous breakout from similar structure yielded a massive 160% rally
Currently retesting the breakout zone, providing a high R:R long entry opportunity
Clear invalidation point below the recent local support
🟢 LONG Setup:
Entry Zone: $4.00–$4.30
Stop Loss: $3.60 (below breakout retest & structure)
Targets:
TP1: $6.00
TP2: $8.00
TP3: $10.70+ (full breakout projection zone)
🧠 Strategy Insight:
This setup aligns with a broader bullish market structure across multiple altcoins. If momentum continues, this could mirror the prior explosive leg. Always manage risk accordingly.
⚠️ This is not financial advice. DYOR and use proper risk management.
💬 Let me know your thoughts or if you’re riding this wave!
🔍 Technical Breakdown:
Descending triangle breakout confirmed
Previous breakout from similar structure yielded a massive 160% rally
Currently retesting the breakout zone, providing a high R:R long entry opportunity
Clear invalidation point below the recent local support
🟢 LONG Setup:
Entry Zone: $4.00–$4.30
Stop Loss: $3.60 (below breakout retest & structure)
Targets:
TP1: $6.00
TP2: $8.00
TP3: $10.70+ (full breakout projection zone)
🧠 Strategy Insight:
This setup aligns with a broader bullish market structure across multiple altcoins. If momentum continues, this could mirror the prior explosive leg. Always manage risk accordingly.
⚠️ This is not financial advice. DYOR and use proper risk management.
💬 Let me know your thoughts or if you’re riding this wave!
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.
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.