2026-01-18 18:21:35

RONIN has recently dropped about 17%, and now it's just fluctuating at a low level. Looking at this trend, after the decline, it started to consolidate sideways, but buying interest has hardly picked up, which is a typical sign of bears controlling the situation.

From a technical perspective, my approach is as follows:

For short positions, a safe entry point is between 0.166 and 0.170. Set the stop-loss at 0.176, which is a strict stop-loss level and must not be loosened. As for targets, taking some profits at 0.155 is advisable, and then aiming for 0.145 for the second target.

Why do I judge it this way? The decline has been significant and accompanied by increased volume, indicating that the selling pressure is real. But the key issue now is that the price hasn't rebounded quickly to recover the decline, which is crucial. This shows that selling pressure has been persistent and has not eased. The current sideways consolidation at this low level doesn't look like accumulation or bottoming; instead, it seems more like a pause during a downtrend.

The market performance indicates that the bulls are no longer as strong. Any rebound back to the entry zone could very well be the point where new selling pressure emerges. As long as the price remains firmly below 0.176, the downward space remains open.

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FunGibleTom

· 3h ago

With such obvious short-selling control, I just want to ask if there's a strategy of main force accumulating shares involved.

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rekt_but_vibing

· 3h ago

The short sellers are clearly in control, not following is just being a fool. Enter at 0.168 and just wait to hit the limit-down.

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WhaleSurfer

· 3h ago

The bears are so fierce, I'm just worried about a V-shaped rebound in the opposite direction, and then it's a sea of stop-loss orders Consolidation at low levels is indeed unsettling, but the target of 0.145 feels a bit greedy Recently, RONIN has been hammered quite badly, so I need to wait and see The risk of entering this time is a bit high, so I'll continue to observe Consolidation is the most annoying, with no sense of direction; I’d rather chase those currencies that are clearly declining

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SelfRugger

· 4h ago

The short sellers are clearly in control, and no one is buying the rebound. It really seems like it's going to drop further.

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PermabullPete

· 4h ago

Shorts have no movement, and it's even more dangerous. Before a sideways trend, it's usually the trapped positions being shaken out. --- Wait, do you really dare to short after a rebound to around 0.170? This level is a bit risky. --- What does the lack of selling pressure indicate? The big players are still accumulating, right? This wave might break a new low. --- I think 0.145 is a bit greedy; let's see if it can stabilize above 0.155 first. --- Are the bulls really dead? It feels tougher than Bilt. The probability of a rebound at this level is not small. --- What can sideways consolidation at a low level do if not for accumulation? It can't really just fall like this, can it? --- I trust your stop-loss at 0.176, but I'm just worried that if it's broken, there might be further downside.

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