$RENDER đš TRADE SETUP â RENDER/USDT (1H)
đč Entry Zone: $3.78 â $3.85
đč Stop Loss: $3.45 (below 99 EMA & prior structure)
đč TP1: $4.06
đč TP2: $4.14
đč TP3: $4.25+ (potential price discovery)
đŻ Risk-Reward Ratio: 1:2+ â Solid setup with upside momentum
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đ TECHNICAL BREAKDOWN:
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Market Structure:
Clear higher highs and higher lows since the bounce at $2.50. The pullback to around $3.57 held firm, and price is now reclaiming the EMAs â showing strength.
⥠Support Zones:
âą $3.57 â recent low & EMA confluence
âą $3.11 â macro HL
âą $2.50 â invalidation level
⥠Resistance Zones:
âą $4.06 â recent local top
âą $4.14 â psychological & prior wick top
âą Above $4.14 â potential breakout zone
đ Volume Profile:
Volume uptick on the latest green candle shows bulls stepping in. Watch for sustained volume to confirm move.
đ Indicators:
âą RSI(6): 71 â Bullish but not maxed out
âą Wm%R(14): -23 â Strength building
âą MACD: Bullish crossover active
âą Price > all major EMAs â confirms trend strength
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đ§ TRADE MANAGEMENT:
đž Ideal entry on minor retrace to $3.78â$3.80
đž SL below $3.45 (under EMA99 & invalidation)
đž Lock in profits at TP1, trail stops toward TP3
đž Watch for $4.14 breakout â could lead to expansion phase
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đŹ FINAL THOUGHTS:
Bias: **Bullish Continuation**
RENDER is showing strong structure and solid EMA support. MACD crossover and volume spike suggest a new wave could be forming. Good RR setup for active traders.
â ïž Reminder: Manage size & always adapt if BTC makes sharp moves.
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