Today, I will briefly analyze the market situation of $RNDR . 🚀🚀🚀
Short-term investment advice
Buy now👍👍👍
The current price is $10.313, and it has just broken through multiple moving averages, showing upward momentum. You can consider buying on dips near the current price (around $10.30). Target price: Set the short-term target price to $11. Stop loss point: Set below $10 to prevent the risk of a sudden price correction.
Buy on pullback👍👍
If the price pulls back, you can gradually buy at MA(25) or MA(99) (around $10.1). Target price: Also set at $11. Stop loss point: Below $9.75 to prevent the risk of a sharp pullback.
Long-term investment advice
Gradually build positions👍👍
Since RNDR/USDT has shown a long-term upward trend, long-term investors can wait for the price to pull back to MA(25) or MA(99) (around $10.1) before gradually building positions. Long-term target price: $15 or above can be considered based on long-term market trends and project potential. Stop loss point: It is recommended to set it below $9.75 to protect the principal.
Buy in batches👍👍👍
Buy in batches to avoid investing too much capital at one time and reduce investment risks. For example, the first batch is bought at around $10.30, the second batch is bought at around $10.1, and the third batch is bought when the price pulls back to around $9.75.
Risk control
Strict stop loss: Whether it is short-term or long-term investment, the stop loss position must be strictly implemented to avoid huge losses caused by market fluctuations. Fund management: Control the proportion of funds invested each time to avoid over-concentration in a single asset.
Additional precautions
Market dynamics: Pay close attention to market dynamics and project development, and adjust investment strategies in a timely manner. Technical indicators: Regularly check technical indicators such as RSI and MACD to determine market trends and buying and selling opportunities.
Summary💥
Short-term investors can buy near $10.30, set the target price at $11, and set the stop loss point below $10. Long-term investors can gradually build positions near $10.1, set the target price above $15, and set the stop loss point below $9.75. Whether short-term or long-term investment, pay attention to risk control and fund management to ensure investment safety.