🔥 $RONIN – Bullish but Overextended
Price Behavior & Key Levels:
Rally from 0.1460 → 0.2177 (+49%) is overextended.
Support: 0.1719 & 0.1711 (MA20) — break below may trigger deeper correction.
Resistance: 0.1998–0.2000 (BOLL upper band / psychological) & 0.2227 (24H high rejected; price consolidated near 0.1904).
Volume & Price Action:
1H candles show declining volume (last candle 34K vs peaks 100M+), signaling loss of bullish momentum.
Capital Flows:
Net outflows in spot and futures across timeframes (1H: -1.42M USDT futures outflow) indicate profit-taking and weakening bullish sentiment.
Trading Plan – Shorting $RONIN:
1️⃣ Short Entry: Near 0.199–0.200 (BOLL upper band resistance) after bearish 1H candle confirmation (pin bar or engulfing).
2️⃣ Alternative Short: On break below 0.1719 with volume confirmation.
3️⃣ Stop-Loss: 3–5% above entry (e.g., 0.21 if entering at 0.20).
4️⃣ Targets:
Primary: 0.1720 (support zone + MA20 confluence)
Secondary: 0.1440 (next support if bearish momentum accelerates)
⚡ Summary: Overextended rally + declining volume + outflows = high-probability short setup near key resistance.
