📉🔥 $RENDER /USDC BEARISH SETUP AS PRICE REJECTS RESISTANCE ZONE 🔥📉

$RENDER is trading at $3.17 (+2.52%), showing a weak bounce but still under heavy selling pressure, with the 30D down -18.15% and 90D down -14.36%. Price is struggling near resistance, hinting at a potential downside continuation.

🔍 KEY LEVELS:

🔺 Resistance:

$3.20 – Major intraday resistance

$3.30 – Strong higher timeframe barrier

🔻 Support:

$3.10 – Local support

$3.03 – 24h low

$2.90 – Key structural support zone

💣 SHORT TRADE SETUP:

🔸 Entry: $3.16 – $3.20

🔸 Stop-Loss: $3.32

🔸 Take-Profit 1: $3.10

🔸 Take-Profit 2: $3.03

🔸 Take-Profit 3: $2.90

📊 INDICATORS:

MACD 📉 Bearish momentum building

EMA/BOLL 🔻 Price below key averages

Volume 📊 Weak on bounce – no breakout strength

⚠️ RISK MANAGEMENT:

✅ Use strict SL

✅ Risk only 1-2%

✅ Don’t overleverage

🔻 Bear trend remains dominant — follow the momentum! 🔻

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