RNDRUSDT long idea from LTFS

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

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BINANCE:RNDRUSDT.P RNDR / TetherUS PERPETUAL CONTRACT

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The price hit the 4h resistance 4HR1 and git rejected from there. It is currently pulling back. The price may hit the low time frame support LTFS and bounce from there. A long trade is favorable from there towards the 4h resistance zone. The target of this trade should be 2.05-2.06.

거래청산: 스탑 닿음:

This did not work out. The trade got stopped out. The LTF support could not hold the price and the drop led the price directly to daily support DS1 from where the price has bounced. This is a good support level from where also the price bounced last time when we took the long trade towards the 4h resistance. We will look for a new setup on this one. For now it seems this bounced will be retraced and the price will dip again into the daily support zone.