RONIN is currently reacting within a well defined immediate demand zone after completing a clear five-wave decline, marked by an extended corrective structure labeled WXY. This drop has brought price action into a technical exhaustion area, where buying interest is starting to emerge.
The confluence of channel support, wave completion, and horizontal demand makes this level a valid candidate for a short-term bullish bounce. A potential rally toward the $0.957 handle is likely if buyers can sustain momentum from here. This zone may act as a relief checkpoint before any further upside toward the $1.461 main supply area—where significant resistance is expected.
However, a failure to hold above this demand could open the door for a continuation lower, targeting the base support zone around $0.18–$0.21. This would signal deeper structural weakness and potentially complete a broader accumulation phase.
For now, eyes are on whether this bounce evolves into a meaningful move or remains a corrective pop in a larger bearish cycle. Stay sharp RONIN is at a pivotal inflection.
The confluence of channel support, wave completion, and horizontal demand makes this level a valid candidate for a short-term bullish bounce. A potential rally toward the $0.957 handle is likely if buyers can sustain momentum from here. This zone may act as a relief checkpoint before any further upside toward the $1.461 main supply area—where significant resistance is expected.
However, a failure to hold above this demand could open the door for a continuation lower, targeting the base support zone around $0.18–$0.21. This would signal deeper structural weakness and potentially complete a broader accumulation phase.
For now, eyes are on whether this bounce evolves into a meaningful move or remains a corrective pop in a larger bearish cycle. Stay sharp RONIN is at a pivotal inflection.
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⚠️Stay safe out there! ❌
📌 Official links:
📌 Main Channel → t.me/wcsechanneL
📌 Forex Zone → t.me/wcsefxchannel
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/WESLAD
⚠️Stay safe out there! ❌
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📍Trade Smart & Stay Protected ⭐️
📌 Official links:
📌 Main Channel → t.me/wcsechanneL
📌 Forex Zone → t.me/wcsefxchannel
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/WESLAD
⚠️Stay safe out there! ❌
📌 Official links:
📌 Main Channel → t.me/wcsechanneL
📌 Forex Zone → t.me/wcsefxchannel
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/WESLAD
⚠️Stay safe out there! ❌
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.