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Short Trade Alert: $RENDER /USDT Rejection Sparks Sell Signal
#RENDER just got rejected from the $3.179 resistance and is now accelerating downward. That strong bearish engulfing candle right after the failed breakout is a textbook short setup.
Price Snapshot:
Current Price: $2.917
24h High: $3.179
24h Low: $2.831
Signal Strength: High – 3 red candles in a row confirming trend reversal
Trade Outlook: If the selling pressure holds, we could see a dip toward $2.78–$2.70 in the short term. Ideal stop-loss sits just above $3.08 to manage risk.
Momentum is fading and buyers are stepping back—watch for continuation on lower timeframes.