$RONIN/USDT BULLISH REVERSAL CONFIRMED | LONG OPPORTUNITY
Market Structure:
$RONIN has shown a sharp bullish reversal from the demand zone, breaking short-term structure with strong momentum. MA(7) has crossed above MA(25), indicating growing bullish strength, while price expansion suggests a recovery phase after accumulation. Despite MA(99) acting as higher resistance, momentum favors continuation.
Key Levels:
Immediate Resistance: 0.2294 → 0.2548
Major Resistance: 0.3253
Strong Support: 0.1843 → 0.1530 → 0.1419
Trade Plan (LONG):
Entry: Retest and hold above 0.1843 with bullish confirmation
TP1: 0.2294
TP2: 0.2548
TP3: 0.3253 (trend continuation target)
SL: Below 0.1530 (trend invalidation)
Bias: Bullish as long as price holds above the breakout support and maintains higher highs structure.
Risk Management:
Limit risk to 1–2% per trade, book partial profits at each target, and move stop-loss to breakeven after TP1.
#TechnicalAnalysis #CryptoSetup
#BullishTrend #MarketRebound #BreakoutTrading
