Everyone's focused on the morning's red candles, but $RON is coiled to break through its 50-day moving average at $0.035.
$RON - LONG
Entry: 0.0310 – 0.0315
SL: 0.0295
TP1: 0.035
TP2: 0.04
TP3: 0.045
Why this setup? I think it's worth watching due to:
* RSI on the 1H chart showing a slight bullish divergence
* ATR indicating volatility is relatively low, making a squeeze likely
* My bias confidence is around 60% based on the 15m timeframe
* Timeframe divergence between the 4H and 1D charts suggests a potential reclaim.
Debate: Are you fading the breakout above $0.035 or riding the momentum?
$RON
$RON - LONG
Entry: 0.0310 – 0.0315
SL: 0.0295
TP1: 0.035
TP2: 0.04
TP3: 0.045
Why this setup? I think it's worth watching due to:
* RSI on the 1H chart showing a slight bullish divergence
* ATR indicating volatility is relatively low, making a squeeze likely
* My bias confidence is around 60% based on the 15m timeframe
* Timeframe divergence between the 4H and 1D charts suggests a potential reclaim.
Debate: Are you fading the breakout above $0.035 or riding the momentum?
$RON