$RONIN/USDT: BEARISH BREAKDOWN IN PROGRESS $RONIN
TECHNICAL ANALYSIS
The asset has experienced a sharp, high-volume rejection from the 0.0963 resistance level, resulting in a vertical breakdown. The price has breached multiple minor support levels with strong bearish momentum, characterized by successive large red candles. This price action suggests a significant shift in market sentiment, indicating that sellers are currently in full control and further downside is expected as the asset seeks a stable bottom.
TRADE STRATEGY
ENTRY ZONE: Look for entries on minor pullbacks toward the broken support-turned-resistance area.
TARGET 1: 0.0885
TARGET 2: 0.0860
TARGET 3: 0.0835
STOP LOSS: 0.0945
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