🔥 RNDR Bullish Channel Reversal With Massive Risk-Reward

RNDR is one of the better performing alts of 2023, hence my patience for the token to look for optimal reversal points.

As of today, RNDR has successfully confirmed a potential reversal from the bottom support. This trade is based on the idea that the bottom is in and that the price will reverse back towards the top of the channel.

Target at 3.50, or the top resistance, whichever comes first. Stop below the recent low. Combines, this gives us a very decent R/R of almost 13. Also note that the top resistance is an exact copy of the bottom support.