$RENDER Warning: High Risk of Further Drops on RENDER

The recent bounce to $4.47 could be nothing more than a bull trap. The market is still shaky after the last crash, and investor fear is clearly present.

If the price fails to hold above the EMA(25) (~$4.21), we could see a fast drop back to $3.88, or even lower than previous lows.

In an extreme case, a drop towards $3.00 is not out of the question if sentiment weakens further and the market starts flushing out late buyers.

Watch key levels carefully and don’t try to catch a falling knife.

This market isn’t for emotions right now – stay sharp, stay strategic.