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$RENDER /USDT SHORT SETUP: Bulls Losing Strength Near Resistance Zone!
$RENDER is showing signs of short-term weakness after a strong push from the $1.383 demand area toward the $1.603 resistance zone. Price is now rejecting from higher levels and trading near $1.509, indicating sellers are stepping in after the liquidity grab above recent highs.
Short Trade Setup:
📌 Entry Zone: $1.540 – $1.600
🛑 Stop Loss: Above $1.615
🎯 TP1: $1.469
🎯 TP2: $1.420
🎯 TP3: $1.383
Technical Logic: The chart shows a possible liquidity sweep → rejection → bearish pullback setup. The $1.566–$1.603 zone is acting as a supply area where sellers are defending. If RENDER fails to reclaim resistance and bearish momentum continues, price may revisit lower demand zones. Wait for rejection candles and volume confirmation before entering.
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