RNDRUSDT on daily resistance, likely to pullback to 2.068

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RNDR / TetherUS PERPETUAL CONTRACT (BINANCE:RNDRUSDT.P)

BINANCE:RNDRUSDT.P RNDR / TetherUS PERPETUAL CONTRACT

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The price hit the daily resistance DR1 and currently being pushed down. A short trade is favored by the probability here. The price is likely heading towards the of the daily support zone sitting around 2.02-2.06. The target of the trade should be around 2.068. Other relevant resistance and support levels are also marked on the chart. In general on larger time frame, I think the price is heading for the weekly resistance WR1 around 2.6-2.75. But for this post, lets focus on this short trade setup.