RNDR has formed a textbook double bottom at the $3.00 high-timeframe support, hinting at a potential trend reversal. The strong bounce off that level shows bullish intent, and we’re now eyeing the $3.50–$4.00 zone for a potential throwback entry, turning old resistance into new support.
📌 Trade Setup:
Entry Zone: $3.50 – $4.00
Take Profit Targets:
🥇 $5.25
🥈 $6.60
Stop Loss: Daily close below $2.70
📌 Trade Setup:
Entry Zone: $3.50 – $4.00
Take Profit Targets:
🥇 $5.25
🥈 $6.60
Stop Loss: Daily close below $2.70
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.