$RNBW
📊 RNBW / USDT Market Update
🔍 Trend Insight:
RNBW is in a strong downtrend, trading below the Supertrend indicator. Sellers remain in control as price struggles to reclaim key resistance levels.
📉 Trade Bias: SHORT (Bearish)
📌 Trade Plan:
💠 Entry Zone: 0.0338 – 0.0348
🛑 Stop Loss: 0.0368
🎯 Take Profit Levels:
• TP1: 0.0320
• TP2: 0.0305
• TP3: 0.0288
📈 Technical Breakdown:
Price continues to make lower highs and lower lows. Supertrend remains bearish, MACD is weak below the zero line, and RSI near 35 indicates weak momentum with no strong bullish divergence yet. Any pullback toward resistance may offer better short entries.
🧠 Execution Tip:
Wait for minor pullbacks before entering shorts. Avoid chasing price at support levels. Risk management is key.
⚠️ This is a technical perspective, not financial advice.
👇 Trade smart & protect capital
