🔥 $RENDER /USDT – Bearish Divergence Forming? Rejection at Resistance Zone!

🔥$RENDER surged over 8%, but signs of exhaustion are flashing as price hovers above the upper Bollinger Band. A retracement may be incoming. 💸🎯

📍 Current Price: $3.200 (+8.25%)

📈 24h High: $3.201

📉 24h Low: $2.944

🔁 24h Volume: 3.73M RENDER / $11.38M USDT

🔥 Category: Infrastructure | Gainer | Traders League

📊 Bollinger Bands (20,2):

🔹 Upper Band (UP): $3.149

🔹 Middle Band (MB): $3.045

🔹 Lower Band (DN): $2.941

🔎 RENDER is trading above the upper band — historically a short-term overbought signal.

🎯 Bearish Setup – Scalper’s Fade Play

🔴 Entry Zone:

$3.18 – $3.21 (rejection zone above upper band)

❌ Stop Loss:

$3.27 (break above upper wick confirms continuation)

📉 Target 1:

$3.10 (first intraday support)

📉 Target 2:

$3.045 (Bollinger Mid-Band)

📉 Target 3 (Extended):

$2.94 – $2.91 (Bollinger bottom / 24h low)

🧠 Pro Tip:

Breakouts above upper BB with no volume follow-through = common fakeout zone

Great setup for fade traders looking for high-RR opportunities

Confirm with 15m or 1h bearish candle under $3.18

⚠️ Invalidation: Clean breakout above $3.27 flips bias to bullish – exit short.

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