$RONIN has cooled down after a strong +28% impulsive move and is now showing signs of exhaustion around the $0.11 region. Price rejection from higher levels suggests early distribution, with sellers gradually taking control after the explosive rally.
If the market fails to reclaim $0.115, downside pressure may continue as liquidity below $0.11 gets tested. This phase often follows sharp pumps where profit-taking triggers a structured pullback.
Trade Setup (Bearish Bias):
Entry Zone: $0.110 – $0.113 (rejection zone)
Breakdown Confirmation: Below $0.108
Take Profits:
TP1: $0.105
TP2: $0.100
TP3: $0.095 – $0.090
Stop Loss: $0.118
RONIN is showing early weakness after a parabolic move — failure to hold current support could trigger a deeper correction phase.
Buy now and trade here on $RONIN
RONIN
0.0855
+10.46%