Long
RNDRUSDT at 4h support, likely to head towards 4h resistance
The price has hit the 4h support zone 4HS1 again after getting rejected from 4h resistance zone 4HR1. I think this offers an opportunity for a long trade. May cut the trade around 2.07 depending on the price action.
Note
The price breached through the 4h support 4HS1 and landed on next 4h support 4HS2. That provided the bounce and price is almost again back to 4HS1 level. The trade got stopped out immediately on this drop but longed it on the dip to 4HS2 level. Will close some in partial profit and will add on the revisit of that support. The target remains the same.
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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.