RENDER delivered a strong move in our previous analysis, surging 66% and showing solid bullish momentum. Now, the key focus is whether price can break the overhead resistance and successfully turn it into support.
If RENDER confirms a positive retest of the flipped support zone, it could create a clean long swing setup. Patience is important here, as confirmation is needed before considering the next move.
Trading Levels:
Entry Zone: Around $1.85
Take Profit 1: $2.20 – $2.70
Take Profit 2: $3.30 – $4.10
Stop Loss: Just below $1.63
Setup Trigger: Breakout above resistance followed by a successful support retest
If RENDER confirms a positive retest of the flipped support zone, it could create a clean long swing setup. Patience is important here, as confirmation is needed before considering the next move.
Trading Levels:
Entry Zone: Around $1.85
Take Profit 1: $2.20 – $2.70
Take Profit 2: $3.30 – $4.10
Stop Loss: Just below $1.63
Setup Trigger: Breakout above resistance followed by a successful support retest
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.