$RENDER /USDT
๐ง RENDER/USDT Trade Setup โ Intraday to Swing
Current Price: $3.094
24h Range:
High: $3.275
Low: $3.061
Volume (24h):
RNDR: 2.53M
USDT: $8.01M
Price Action: -4.27% (mild correction from local high)
๐งญ Trade Bias: Pullback Setup / Accumulation Zone
RENDER is trading just above 24h support after a ~4% dip, possibly forming a base before next leg up. The setup favors buying a dip or breakout re-entry.
โ Trade Option 1: Support Bounce (Safer Risk/Reward)
Entry Zone: $3.060 โ $3.100
Near 24h low + psychological $3.00 area
Watch for RSI recovery >40 and bullish candle on 15m/1h
Stop Loss: $2.985
Below round number support & wick zone
Take Profit Targets:
TP1: $3.155 (initial intraday resistance)
TP2: $3.220 โ $3.275 (24h high zone)
TP3: $3.360 (next upside swing fib/extension target)
Risk/Reward Estimate: ~1:2.5 minimum
๐ Trade Option 2: Breakout Play
Buy Stop Entry: $3.280
Above 24h high & local consolidation top
Look for volume + RSI > 60
Stop Loss: $3.180
Target: $3.45 โ $3.55
Based on historical resistance + fib extensions
๐ Indicators to Watch (15m โ 1h):
RSI: Recovering from oversold and climbing = buy signal
MACD: Wait for crossover or positive histogram uptick
Volume: Look for above-average green candle confirmation
โ ๏ธ Notes:
RENDER is a high-beta coin tied to AI & GPU infrastructure narratives. Expect fast moves and liquidity gaps at breakout zones.
If BTC shows weakness, consider tighter stops or skip breakout setups.
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