๐ฅ RDNT High Probability Oversold Bounce: Amazing Risk Reward
RDNT is one of the newer tokens on Binance, which naturally makes it more volatile than others. This volatility is risky, but offers great opportunities when used correctly.
As seen on the chart, RDNT has hit hourly oversold on the RSI on a strong support area, which directly caused a bounce.
For an optimal risk-reward, I put the target at 0.40, but you can take partial profits at 0.315 in case you want less risk. Stop under the recent swing low.
As seen on the chart, RDNT has hit hourly oversold on the RSI on a strong support area, which directly caused a bounce.
For an optimal risk-reward, I put the target at 0.40, but you can take partial profits at 0.315 in case you want less risk. Stop under the recent swing low.
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