RNDR - Pixel perfect!Previous RNDR idea played out exactly as we thought.
One of the reasons I started shorting this, is how perfectly it was painting a complacency bounce, next to EMA shenanigans we talked about.
Now we are at big boss level: Daily EMA 100
Bulls really want to see this hold imo. Although losing it on a weekend is not that bad, as long as we reclaim it on Monday.
One important factor here is sentiment: You learn a lot about other people's positioning by posting counterflow ideas about a coin.
If you get comments like "happy liquidation" and price isn't moving past resistance on green days, that's a really good indicator to get positioned for the other side.
For crypto, my golden rule has become: Sentiment > Price > Fundamentals
We trade pvp against other anons with less patience and discipline than us. Sad as it may be, you'd do well to never ever forget that. NVDA can discover the cure to cancer all of a sudden, it doesn't change anything about the poorly positioned toplongers for RNDR.
Twitter shows the path.
The chart confirms.
All the rest is noise.