#IntradayTrading Signal for $RENDER /USDT

The 15-minute chart shows a downtrend, with RNDR dropping 5.46%. However, a rebound is forming with increasing volume, signaling a potential short-term reversal.

Trading Plan

1. Entry Point:

Long (Buy) Entry: If price stabilizes above 3.95 USDT and breaks through resistance.

Short (Sell) Entry: If price rejects 3.95 USDT and falls below 3.90 USDT, confirming continued downside.

2. Stop Loss:

For Long Position: Below 3.85 USDT (to avoid a deeper drop)

For Short Position: Above 4.00 USDT (to protect against a breakout)

3. Take Profit Targets:

For Long Position:

TP1: 4.05 USDT (immediate resistance)

TP2: 4.15 USDT (next resistance level)

For Short Position:

TP1: 3.85 USDT (previous support)

TP2: 3.75 USDT (strong support)

4. Support and Resistance Levels:

Support Levels:

3.90 USDT (current support)

3.85 USDT (strong support)

Resistance Levels:

3.95 USDT (short-term resistance)

4.05 USDT (major resistance)

Trading Suggestion:

If price breaks 3.95 USDT, consider a long position with targets at 4.05 and 4.15 USDT.

If price rejects 3.95 USDT and drops below 3.90 USDT, consider a short position targeting 3.85 and 3.75 USDT.