$RONIN SHORT — Overextended Rally & Bearish Pullback
Price hit a strong supply zone around the 0.05124 peak, swiftly forming a red rejection candle as upward momentum stalled. The inability to push higher points toward a corrective phase, creating a favorable opportunity for a short trade back toward dynamic supports.
Entry: 0.05042 – 0.05100
TP1: 0.04942
TP2: 0.04842
TP3: 0.04742
SL: 0.05124
Staying capped below 0.05124 keeps the bearish retracement bias active for further downside testing.
Price hit a strong supply zone around the 0.05124 peak, swiftly forming a red rejection candle as upward momentum stalled. The inability to push higher points toward a corrective phase, creating a favorable opportunity for a short trade back toward dynamic supports.
Entry: 0.05042 – 0.05100
TP1: 0.04942
TP2: 0.04842
TP3: 0.04742
SL: 0.05124
Staying capped below 0.05124 keeps the bearish retracement bias active for further downside testing.