$RENDER

📈 Trade Signal: RENDER/USDT – Long Setup

Timeframe: 1H

Current Price: $5.011

Trend Context: Reversal to uptrend with breakout structure from descending channel

🔍 Technical Notes:

Strong bullish breakout from downtrend structure that lasted from May 14–20.

Clean sequence of higher lows and higher highs since May 20.

Price reclaiming psychological resistance at $5.00 with increasing bullish momentum.

Volume gradually increasing, confirming interest in the move.

🎯 Entry Zone:

Aggressive Entry: $5.00 – $5.05 (breakout continuation)

Conservative Entry (retest): $4.85 – $4.90 (prior consolidation breakout zone)

🥅 Take-Profit Targets:

TP1: $5.25 (resistance from May 13–14)

TP2: $5.45

TP3: $5.70

🛡️ Stop-Loss:

Below $4.78 (beneath structure support and recent swing low)

⚖️ Risk-Reward Tips:

Minimum R:R = 2.5 ideal

After TP1, shift stop to breakeven or slightly in profit

Use trailing stop from TP2 onward if momentum continues

✅ Confirmation Triggers:

1H candle close above $5.05

Sustained volume >300K

RSI > 60 and MACD maintaining bullish divergence

🟢 Signal Strength:

Strong – clean breakout pattern, rising volume, and favorable structure