$RENDER ๐ฆ ๐ฆ ๐ฆ
$RENDER is currently trading at $9.922, reflecting a 10.90% increase over the past 24 hours. As part of the infrastructure sector, this token has demonstrated strong upward momentum, attracting significant trading volume.โจ
Trading Strategy๐ฆ ๐ฆ
Entry Points:
$9.500โ$9.700 could be a solid entry zone for buyers awaiting a pullback.
Target Levels:
Short-term target: $11.000โ$11.500
Medium-term target: $12.000
Stop Loss:
Below $8.500 to limit downside risk.
Conclusion and Outlook๐๐
RENDERโs sharp price gain underscores strong market confidence, possibly due to positive news or developments in the infrastructure sector. If it sustains above $9.500, the next upward target could test the $12.000 mark. However, traders should monitor trading volumes closely as excessive volatility could signal a potential correction.
RecommendationโฉHold or buy on dips for short-term profits while being cautious of resistance levels at $12.000.
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