🚨 WHY IS THIS RENDER LONG STILL VALID? 👀🔥
RENDER has started showing a clear reaction from the lower demand zone, and the market structure is now trying to shift after a long bearish move. The falling trendline has been tested, while RSI has pushed back above 50 — showing that buying momentum is returning. This is an important change in the short-term picture. 📈
The key point is that RSI strength needs to be supported by volume and price structure. If buyers continue to step in with stronger volume, RENDER can work through the resistance levels at 1.493, 1.643 and 1.854. Each level can act as the next confirmation point as the move develops.
Of course, the long setup can still be invalidated if price loses the demand zone, selling volume becomes dominant, RSI falls back below 50, or market structure creates a fresh lower low. For now, these are the key levels and signals I’m watching closely. 🔥📊
#LEO524 #RENDER
RENDER has started showing a clear reaction from the lower demand zone, and the market structure is now trying to shift after a long bearish move. The falling trendline has been tested, while RSI has pushed back above 50 — showing that buying momentum is returning. This is an important change in the short-term picture. 📈The key point is that RSI strength needs to be supported by volume and price structure. If buyers continue to step in with stronger volume, RENDER can work through the resistance levels at 1.493, 1.643 and 1.854. Each level can act as the next confirmation point as the move develops.
Of course, the long setup can still be invalidated if price loses the demand zone, selling volume becomes dominant, RSI falls back below 50, or market structure creates a fresh lower low. For now, these are the key levels and signals I’m watching closely. 🔥📊
#LEO524 #RENDER
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Join My Free Signal Channel ➡ t.me/Leo524
Join For More Indicators ➡ t.me/leoindicators
Join For More Indicators ➡ t.me/leoindicators
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.