$RENDER

/USDT – Bearish movement retracement

RENDER

$RENDER is trading at $3.75 (-6.38%), down from $4.02 and now testing support around $3.69–$3.70. Strong selling pressure indicates caution as momentum leans towards bears in the short term.

Bearish trade setup (short idea):

Entry zone: $3.74 – $3.80

Target 1 (TP1): $3.70

Target 2 (TP2): $3.55

Target 3 (TP3): $3.40

Stop loss (SL): $3.92

If support at $3.69 is broken, losses may extend towards the range of $3.40–$3.55. Bulls need a strong rebound above $3.92–$4.00 to regain momentum.