Coin Name: $RENDER
Position: LONG
Entry price: 4.200
On the 4-hour timeframe, Render is forming a descending channel, indicating a potential consolidation phase. A key support level is holding below, while the RSI has entered the demand zone—often considered a buyer's territory. This confluence suggests a possible bullish reaction if the support holds and buying pressure increases.
On the 4-hour timeframe, TOTAL3 is moving within a channel and has recently tested the upper trendline. It now appears to be heading toward the lower trendline, where a key support level is also present. If TOTAL3 holds this support and begins to move upward, it could signal a potential rally in altcoins.
On the weekly timeframe, Render shows significant downside liquidity, indicating a potential move lower to sweep that area. Once this liquidity is taken, a reversal toward the upside is likely, targeting the upper liquidity zones. This move could set the stage for a broader bullish continuation.
Leverage: 5X
Targets:
1st TP 4.400
2nd TP 4.600
3rd TP 4.800
4th TP 5.000
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$RENDER