🚨 $RENDER Breakdown and Strategic Entry
A long liquidation of $1.5059K has just been triggered at $4.450, shaking out weak hands and hinting at a potential reversal or further selloff. This is the moment where real traders sharpen their edge.
Technical Analysis:
Current Market Sentiment:
The recent liquidation indicates panic in leveraged longs. Price has reacted sharply near the $4.450 level, which previously acted as short-term support.
Support Zones (Buy Zones):
1. Primary Entry Zone: $4.10 – $4.30
Ideal range for scaling in. Previous consolidation zone and close to psychological $4 mark.
2. Deep Discount Entry (High Risk/High Reward): $3.75 – $3.95
This range aligns with the last major liquidity grab in early April.
Target Levels:
Target 1: $4.65 – Reclaiming broken support
Target 2: $5.10 – Filling the liquidation gap
Target 3: $5.50 – Testing macro resistance and potential trend shift
Stop-Loss Strategy:
Hard Stop: Below $3.68
If price breaches this, we’re likely in for a deeper bearish cycle.
Trade Narrative:
This is not just a dip — it’s a structural test. The liquidation event signals a flushing of leveraged positions, often paving the way for a clean, low-risk re-entry. The smart money thrives in these zones where fear dominates.
Patience, precision, and position sizing will define the win here.