Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
RNDR STILL BEARISH!
As we can see price is still overall bearish trading inside this clean channel
Price making clean lower lows and lower lows as well!
However, as the price will be approaching our lower support zone lining up with our lower bound of the channel.
Then we will be looking for new longs on RNDR.
Unless price managed to test our falling trendline, then we will be looking for new bearish movements as a trend-following setup.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!