RNDR-USDT: Potential Trendline Fakeout and Retracement?

The RNDR-USDT trading pair is currently exhibiting a pattern of higher highs, suggesting a positive trend. However, traders should be cautious of a potential trendline fakeout within the range of 2.956 to 2.970. It's crucial to closely monitor the price action as it approaches this level, as a break below the trendline could indicate a shift in momentum.

Furthermore, there is a possibility of a correction in the market, with potential support levels in the range of 2.250 to 2.350. Traders should be prepared for a potential pullback in price within this range.

Traders should closely observe the price movement and wait for confirmation before making any trading decisions.

#plan your trades and trade your plans.