$RONIN Bearish Rejection Breakdown Confirmed
🔻 Market Bias: SHORT
🔹 Entry Zone: 0.1050 – 0.1065
🔹 Stop Loss: 0.1100
🎯 Profit Targets:
• TP1: 0.1020
• TP2: 0.0980
• TP3: 0.0940
Leverage: 10x – 15x
RONIN rejected firmly at the 0.1365 level after a massive parabolic rally and is now sliding toward 0.1055 with momentum shifting decisively to the downside. The asset has lost over -10.82% and is forming lower highs.
Technical Outlook:
· RSI(6) at 47.67 – Dropping from overbought levels, indicating momentum shift to the downside with more room to fall.
· MACD: Green histogram is contracting rapidly, signaling a bearish crossover ahead.
· Structure: Failure to hold 0.1100 followed by consecutive red candles with lower highs forming.
· Volume: Selling volume is increasing on the pullback, confirming bearish control.
The rally from 0.0847 has likely topped at 0.1365. If price breaks below 0.1040, acceleration toward 0.1020 and deeper liquidity zones is likely. Do not try to catch this falling knife. 📉