💎 RDNT has undeniably attracted significant attention in the market. After a perfect bounce from the demand area, marked by a bullish candle rejection and a subsequent strong green candle, RDNT is poised to attempt another breakout of the $0.302 supply area, following its unsuccessful attempt on November 10. A successful break above this supply zone, probability could pave the way for RDNT to effortlessly reach our target in the major supply area.
💎 However, if RDNT encounters resistance in the supply area and consolidates sideways, there's a potential for a downward movement, prompting a retest of the demand zone to generate new momentum.
💎 The bad scenario is confirmed if, during the retesting phase at the demand area, RDNT fails to maintain its position and undergoes a breakdown. In such a case, RDNT may revert to a bearish trend, potentially retracing to the key support area.