$RONIN : Breakout completed. Long on continuation.
The market didn't just touch the level $0.100 — it has settled above it, rewriting the structure and changing the role of resistance to support. This is not a local spike; it's a phase change.
An impeccable ascending structure has formed on the hourly chart: a sequence of higher highs and higher lows. The price is confidently holding above $0.110, and the RSI(6) has settled in the 60–65 zone, demonstrating a stable momentum with no signs of overheating.
The zone $0.108 – $0.113 coincides with EMA(7) and the Fibonacci level 0.382 from the last wave of growth — a classic continuation point of the trend, not an entry at the peak.
Entry: 0.108 – 0.113
Targets:
TP1: 0.125
TP2: 0.140
TP3: 0.160
Stop-loss: 0.099
Breaking the level 0.099 will break the ascending structure and indicate a false breakout. Until then, every pullback is an opportunity for entry.
The true strength of the trend is manifested not at the breakout but at the holding after it.
What is more convincing for you when entering on the breakout — touching the retest zone or continuing the movement without a deep pullback?
