$RENDER šØ TRADE SETUP ā RENDER/USDT (1H)
š¹ Entry Zone: $3.78 ā $3.85
š¹ Stop Loss: $3.45 (below 99 EMA & prior structure)
š¹ TP1: $4.06
š¹ TP2: $4.14
š¹ TP3: $4.25+ (potential price discovery)
šÆ Risk-Reward Ratio: 1:2+ ā Solid setup with upside momentum
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š 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 ā showing strength.
ā” Support Zones:
⢠$3.57 ā recent low & EMA confluence
⢠$3.11 ā macro HL
⢠$2.50 ā invalidation level
ā” Resistance Zones:
⢠$4.06 ā recent local top
⢠$4.14 ā psychological & prior wick top
⢠Above $4.14 ā potential breakout zone
š Volume Profile:
Volume uptick on the latest green candle shows bulls stepping in. Watch for sustained volume to confirm move.
š Indicators:
⢠RSI(6): 71 ā Bullish but not maxed out
⢠Wm%R(14): -23 ā Strength building
⢠MACD: Bullish crossover active
⢠Price > all major EMAs ā confirms trend strength
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š§ TRADE MANAGEMENT:
šø Ideal entry on minor retrace to $3.78ā$3.80
šø SL below $3.45 (under EMA99 & invalidation)
šø Lock in profits at TP1, trail stops toward TP3
šø Watch for $4.14 breakout ā could lead to expansion phase
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š¬ 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.
ā ļø Reminder: Manage size & always adapt if BTC makes sharp moves.
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