$RONIN /USDT BULLISH BREAKOUT CONFIRMED – MOMENTUM FAVORS FURTHER UPSIDE 🚀
Market Next Move (Immediate Explanation):
$RONIN /USDT has delivered a strong bullish expansion from the 0.13 support zone, breaking above prior resistance with rising volume. Price is consolidating near highs, which signals strength rather than exhaustion. As long as RONIN holds above the 0.15–0.158 area, buyers are expected to push price toward the next resistance levels.
Technical Analysis Breakdown
Trend: Bullish (Clear Higher Highs & Higher Lows)
Momentum: Strong buying pressure after breakout
Key Support: 0.158 – 0.151
Key Resistance: 0.166 – 0.175
Indicators:
Price above major MAs → bullish structure
Healthy consolidation near highs
Volume expansion confirms breakout strength
Trade Setup (LONG 📈)
Entry: 0.158 – 0.162
Stop Loss (SL): 0.147
Targets (TP):
TP1: 0.166
TP2: 0.175
TP3: 0.190
Trail stop loss once TP1 is achieved to protect profits.
Market Outlook
Short-term outlook remains bullish, especially while price stays above the breakout support. Any shallow pullback can be seen as a continuation setup. A breakdown below 0.147 would invalidate this bullish bias.
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