$RONIN /USDT BEARISH TURN AS PRICE REJECTS FROM 0.1940 RESISTANCE
Market Explanation:
RONIN touched 0.1943 but failed to break above the key resistance, pulling back to 0.1870 with weakening bullish momentum. Despite a strong 24h recovery, the pair is still in a broader downtrend, and the rejection near 0.1900–0.2000 signals possible short-term downside. If buyers don’t defend 0.1800, further correction is likely.
Trade Setup (Short Entry)
Entry: 0.1870 – 0.1895
Take Profit (TP):
TP1: 0.1800
TP2: 0.1750
Stop Loss (SL): 0.1950
Market Outlook:
RONIN remains weak on higher timeframes with 90-day and 1-year performance deeply negative. Short-term volatility may continue, but unless the price breaks and holds above 0.2000, the broader trend stays bearish. Watch for a possible retest of lower support before any strong reversal attempt.
#RONIN #CryptoAnalysis #BearishTrend #Binance #TradingSetup $RONIN
