$RENDER – BULLISH SETUP TRIGGERED FROM DEMAND ZONE! 🚀📈
After forming a solid base at the $4.58–$4.60 support range (gray box), $RNDR has bounced with strength, showing buyer commitment and a clear bullish engulfing candle near the demand zone.
📊 Market Snapshot:
Entry: $4.645
Target: $4.727
Stop Loss: $4.600
Risk-to-Reward Ratio: Excellent bullish R:R
Current Price: $4.643 (-4.15%)
🔍 Technical Insight:
The recent bottoming pattern reflects accumulation with strong wick rejections. Break above minor resistance at $4.65 could confirm continuation toward the upper target zone.
Trade Here on $RNDR
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