$RENDER SHORT — High Level Exhaustion & Distribution
After hitting resistance at the 1.402 high, price reversed sharply with a prominent red candle, signaling heavy profit-taking. The failure to sustain higher levels points toward a short setup targeting lower moving average support levels.
Entry: 1.379 – 1.395
TP1: 1.279
TP2: 1.179
TP3: 1.079
SL: 1.402
Sustained trade action below 1.402 confirms buyer exhaustion and supports this corrective downward move.
After hitting resistance at the 1.402 high, price reversed sharply with a prominent red candle, signaling heavy profit-taking. The failure to sustain higher levels points toward a short setup targeting lower moving average support levels.
Entry: 1.379 – 1.395
TP1: 1.279
TP2: 1.179
TP3: 1.079
SL: 1.402
Sustained trade action below 1.402 confirms buyer exhaustion and supports this corrective downward move.