$RDNT
RDNTUSDT
Perp
0.01174
+16.12%
BEARISH TECHNICAL ANALYSIS
$RDNT USDT has shown a sharp impulsive move followed by rejection from the upper supply zone. After the strong vertical push, price is now forming lower highs on the 1H timeframe, indicating exhaustion of buyers and potential continuation to the downside. The current structure suggests a pullback phase as profit-taking and bearish pressure increase near resistance. Failure to reclaim the recent high keeps the short-term bias bearish.
Trade Setup (Short):
Entry Zone: 0.01320 – 0.01380
Targets:
TP1: 0.01240
TP2: 0.01160
TP3: 0.01080
Stop Loss:
0.01490