🚨 Trading Signal Alert: $RDNT /USDT on the 4-Hour Chart 🚨
Current Overview: RDNT/USDT has displayed a powerful surge on the 4-hour chart, pushing up by a significant 36.46% in the last trading period. The current bullish momentum is evident, with the price breaking past prior resistance zones and touching new highs. The volume has notably spiked, suggesting strong buying interest and potential continuation of the trend.
Current Price: 0.0670
📊 Trade Setup:
Entry Price: 0.0675 (confirming continuation above current price level)
Stop Loss Level: 0.0630 (protecting against potential reversals)
💡 Critical Levels:
Resistance Levels:
First Resistance: 0.0688 (24-hour high and immediate target)
Second Resistance: 0.0720 (potential breakout zone)
Third Resistance: 0.0765 (key profit-taking level)
Support Levels:
Immediate Support: 0.0650 (recent pullback zone)
Secondary Support: 0.0600 (strong support from previous consolidation)
🎯 Take-Profit Targets:
1. First Take-Profit Target: 0.0688
2. Second Take-Profit Target: 0.0720
3. Third Take-Profit Target: 0.0765
⚠️ Cautionary Note:
Traders should observe volume changes, as the current SMA volume stands at 138.741M. A decrease in volume while approaching the resistance levels could indicate potential exhaustion of the bullish run. Watch closely for any reversal patterns around 0.0688 or retracements below 0.0650 that could signal a short-term dip or consolidation phase.
