I am closely tracking $RONIN as it reaches a "make or break" moment. After the aggressive spike to 0.1500, the price has fully retraced to the primary support zone. While some might see this as a weakness, I see a potential double-bottom forming on the 1H chart near the 0.0991 level, which is a very high-interest area for buyers.

Looking at the technicals, the RSI on the 15m chart is trending upward at 59.6, suggesting that buying pressure is finally returning at these lower levels. On the daily timeframe, the price is currently sitting right on the EMA 21 (0.1028), which is acting as a major floor. If we can hold this level and flip the 1H EMA 44 (0.1034) into support, we could see a quick relief rally back toward the 0.1150 range.

Entry: 0.1010 - 0.1030

TP 1: 0.1090

TP 2: 0.1140

TP 3: 0.1190

Stop Loss: 0.0970

Click the chart below to trade.

RONIN

0.0823

-2.37%

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Disclaimer: Trading involves risk and this analysis is for educational purposes only.