๐ #Render๐๐ โ Is a Bullish Breakout on the Horizon? ๐ฅ
$RENDER is currently trading at $4.102 (+7.13%), holding firm after a strong rally from the $3.74 region. Price is consolidating just below the 24H high of $4.138, signaling a potential breakout ahead.
๐ Key Levels to Watch:
Support: $4.00
Resistance: $4.14
๐ Market Sentiment:
RNDR remains in a strong uptrend with sustained bullish momentum. Short-term consolidation near resistance suggests buyers are in control, gearing up for a breakout. Volume is elevated, reinforcing the potential for continuation.
๐ Trading Strategy:
๐ต Bullish Setup:
Entry: On breakout above $4.14
Targets: ๐ฏ$4.30, ๐ฏ$4.50
Stop-loss: Below $4.00
โ ๏ธ Pro Tip: Look for a bullish engulfing candle with strong volume at resistance for confirmation before entering a trade.
Will #RNDR push past $4.14 and extend its rally? Drop your targets and insights in the comments! ๐