RDNT detailed analysis **Detailed Analysis of RDNT/USDT 5-Day Chart**
**1. Trend Analysis**
- The chart depicts a **falling wedge pattern**, a bullish reversal signal.
- There has been a consistent downtrend with multiple sell signals in the past.
- However, recent price action suggests accumulation, with a "Buy" signal appearing at the lower boundary of the wedge.
- The stochastic RSI at the bottom indicates **oversold conditions**, hinting at a potential bounce.
**2. Buy Zone**
- The **best buy zone** appears within the **0.025 - 0.032 range**, aligning with support levels from past lows.
- The **falling wedge breakout level** around **0.035 - 0.038** would also serve as a confirmation entry for those preferring less risk.
**3. Sell Zone (Target Levels)**
- The first profit-taking zone is at **0.075 - 0.105**, marking a **254% potential upside**.
- If momentum continues, an extended target sits around **0.365**, the last major resistance.
**4. Risk Management**
- **Stop-loss:** Below **0.025**, invalidating the falling wedge pattern.
- **Risk-to-Reward (RR) Ratio:**
- Buying near **0.030**, stop-loss at **0.025**, and target **0.105**, offers an RR ratio of **1:10**.
- Conservative traders can aim for **0.075** for an RR of around **1:6**.
**Final Strategy & Execution Plan
-Buy Zone: 0.025 - 0.032
-Stop-Loss: 0.025 (tight) or 0.022 (safer)
-Take Profit:
--TP1: 0.075 (first resistance, safe exit)
--TP2: 0.105 (key breakout target)
--TP3: 0.365 (long-term hold)
**Confirmation Requirements:
-Breakout of wedge above 0.035 - 0.038
-RSI & Stochastic RSI bullish crossover
-Volume increase
Disclaimer: This is not a financial advice, just an educational content. DYOR
