🐻 $RONIN / USDT: Bearish Continuity Below Resistance 📉
$RONIN is struggling to find its footing after a sharp rejection at the $0.1400 psychological barrier. The 1H chart shows a classic bearish structure: a lower high followed by a decisive break below local support. With holiday volume remaining thin, the path of least resistance appears to be toward the lower demand zones.
⚡ Trade Strategy (Short)
* Direction: Short 🔴
* Entry Zone: $0.1370 – $0.1390 🎯
* Stop Loss: $0.1410 🛡️ (Above the rejection wick)
💰 Take Profit Targets
* TP1: $0.1345 (Immediate support) 📉
* TP2: $0.1320 (Next liquidity pocket) 📉
* TP3: $0.1285 (Major demand zone) 🚀
🔍 Quick Analysis:
* Momentum: The bearish impulse is confirmed by price holding below the EMA20.
* Invalidation: A strong reclaim of $0.1410 on the hourly close would flip the bias back to neutral/bullish.
* Holiday Note: Expect slow moves today (Dec 25), but watch for sudden "stop hunts" in low-liquidity conditions.
Patience pays—let the trend come to you! 📊
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