The $RDNT /USDT 15-minute chart shows a current trading price of 0.0583, marking a 29.56% increase, signaling strong bullish movement. The 24-hour high is 0.0616, while the low is 0.0447, highlighting considerable price volatility.
The RSI level at 77.34 indicates the asset is in an overbought condition, suggesting traders should be cautious of potential price corrections.
Key resistance is identified at 0.0616, which, if broken, could lead to continued upward momentum. Immediate support lies at 0.0565, providing a safety net in case of a price pullback.
For those considering entering a trade, the current level of 0.0583 offers a potential entry point, with take-profit targets set at 0.0595 for TP1, 0.0605 for TP2, and 0.0616 for TP3 for incremental profit-taking.
A stop-loss at 0.0550 is advised to manage risk and protect against unexpected downturns. This approach aims for a balanced strategy, capturing potential gains while maintaining disciplined risk management.
