$ETH or $RNDR โ which one should I choose now? Share my take.
For
$ETH , the current price is 2,462: MACD is crossing downward in a bearish signal. Plan: short the rebound at 2,462, stop-loss at 2,533, target 2,436. Even though the price is still above the 20-day line at 2,449, itโs very closeโif it breaks below, thatโs when the bears really gain strength. The funding rate is +0.0056%, so long and short are fairly balanced; it hasnโt reached any extreme.
For $RNDR, the current price is 7.03: this pullback is on declining volume, so it doesnโt look like real distribution. Buy on the retest at 6.81, stop-loss at 6.66, target 7.26. The short-term range is very clear: support at 6.81, resistance at 7.26. As long as the retest support doesnโt break, you can hold. Moving averages are intertwined and still repairingโdonโt rush to go all-in.
The conclusion is different: Iโm slightly bullish on $RNDR; the other one, Iโd watch firstโdonโt force the trade.
Trading volume is 567.6M; this level of volume can support a move.
At this position, the โbottom-fishingโ value is quite low. Iโd rather wait for the 2,462 rebound and then short.
To sum up: the direction is already written above; the rest is execution. Donโt put all your position in at onceโkeep your stop-loss in place. Profits that you take are the ones that truly belong to you.
What do you think? Letโs discuss in the comments.
#ETH #ไปฅๅคชๅ #RNDR
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