💎 RDNT has been a standout in the market, displaying significant volatility and movement. Recently, after creating a Bullish trap and reverting to its supportive bullish trendline, RDNT experienced a notable bounce.
💎 Currently, it is poised to challenge the resistance area once again. A successful breakout and closure above this resistance could signal a strong upward trajectory for RDNT, potentially leading it to our identified bearish OB target area.
💎 However, should RDNT face rejection at this critical resistance juncture, it may indicate a negative trend reversal. A failure to sustain momentum and a breakdown below the supportive bullish trendline could signify a shift back to bearish territory.
💎 In such a scenario, RDNT may find itself descending towards the strong demand area, a significant level to watch for potential support and market response. This pivotal moment at the resistance level will be crucial in determining RDNT's market direction and its ability to maintain a bullish stance or succumb to bearish pressures.