RENDER is in a strong downtrend on the daily chart: it has declined approximately 35% from 2.435 to 1.226 and is currently just above the major dip at 1.226, in a very narrow range between 1.24–1.28.
This is a critical decision zone: either a reaction comes from this base or it breaks down.
Since the main direction is down, rallies are selling opportunities; in the reaction sell from the 1.34–1.40 resistance, targets are 1.27 / 1.20 and 1.10, with a stop above 1.46.
On the base side, for buying from the 1.20–1.24 region, the stop is below 1.15, with targets at 1.30 / 1.38 and 1.46.
Decision points are clear: if the daily close rises above 1.40, the downtrend structure is broken; if it falls below 1.20 and the 1.226 dip is lost, it opens the way to new lows at 1.10 and 1.00.
Due to high volatility, positions should be kept small.
-CryptoSignalAPP Team
This is a critical decision zone: either a reaction comes from this base or it breaks down.
Since the main direction is down, rallies are selling opportunities; in the reaction sell from the 1.34–1.40 resistance, targets are 1.27 / 1.20 and 1.10, with a stop above 1.46.
On the base side, for buying from the 1.20–1.24 region, the stop is below 1.15, with targets at 1.30 / 1.38 and 1.46.
Decision points are clear: if the daily close rises above 1.40, the downtrend structure is broken; if it falls below 1.20 and the 1.226 dip is lost, it opens the way to new lows at 1.10 and 1.00.
Due to high volatility, positions should be kept small.
-CryptoSignalAPP Team
CryptoSignalAPP is the best crypto signal application.
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Download to Earn
Get most profitable trading signals and information about market.
Keep your risk management.
Make profit !
cryptosignalapp.com/download
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
CryptoSignalAPP is the best crypto signal application.
Download to Earn
Get most profitable trading signals and information about market.
Keep your risk management.
Make profit !
cryptosignalapp.com/download
Download to Earn
Get most profitable trading signals and information about market.
Keep your risk management.
Make profit !
cryptosignalapp.com/download
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.