RNDR was great early in the year, but is losing it's gains in a quick manner. This trade is based on the idea that RNDR will give away most of it's 2023 gains and will move down towards the support level of the triangle.
To increase the risk-reward, I'm going for an aggressive entry at 1.44, stop just above the recent local high, target at the bottom support of the pattern.
To increase the risk-reward, I'm going for an aggressive entry at 1.44, stop just above the recent local high, target at the bottom support of the pattern.
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