Short
$RONIN – Fading the GameFi relief bounce amidst heavy whale distribution
Entry: 0.096 – 0.102
SL: 0.115
TP1: 0.082
TP2: 0.075
TP3: 0.060
$RONIN struggling to maintain its footing after a massive long-term downtrend, currently trading @ $0.094 (₹9.40). 📉⚠️
• RSI (14) has briefly exited the oversold zone but remains heavily bearish, suggesting a classic dead-cat bounce. 📊
• Despite the previous ecosystem hype around Web3 gaming, continuous selling pressure and low network liquidity have created a heavy supply overhang. 💨
• On-chain data shows a decrease in active player engagement, indicating the fundamental gaming narrative is cooling off for now. 🧱
• If
#RONIN fails to flip the $0.102 resistance, a quick flush down to the $0.082 low is highly probable. 📉
• Shorting or staying on the sidelines during the current relief rally looks like a tactical play while the overall market structure remains fragile. 🛡️
trade here 👉
$RONIN