RNDRUSDT trading opportunity

RNDRUSDT has recently experienced a breakthrough above the neckline of the Cup and Handle setup. Notably, the neckline has successfully transformed into a support level, instilling greater confidence among bulls.

Anticipating a potential pullback towards this neckline, as it now acts as a solid support, the focus shifts to observe the external supply zone. This zone is poised to serve as a major resistance, potentially causing a temporary halt or reversal in the bullish momentum in the short term.

The overall setup target, as illustrated on the chart, provides a comprehensive view of the potential trajectory following the recent price action.

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Rndrusdt has witnessed a notable surge subsequent to its breakout from the Cup and Handle neckline zone, aligning with our prior projections. Consequently, we have identified a fresh area conducive to re-accumulation or buying opportunities, particularly the immediate demand zone. It is advisable to set the stop loss below the recent swing low, approximately around 3.33$.

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The setup target still a good area to watch on the coin.

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