I am watching this one closely.")
$RENDER
has dropped 1.30% to $1.37. The dip is solid.
The Long/Short ratio is 0.71x, meaning shorts are in control. The funding rate is -1.0000%, the maximum negative. Shorts are paying the highest fee to stay short, and they are bleeding money every single hour. The volatility score is 16/100, which is very low. When volatility is this low and funding is negative, it is a classic recipe for a sharp move higher. Whale activity shows 30% buy pressure and 62% sell pressure – this is a classic shakeout pattern. The price is holding above $1.35 support. If that holds, I see a move to $1.45 first. But if the short squeeze kicks in, $1.80 is not out of the question. That is a 31% upside move from here.
Trading Plan for RENDER:
· Entry: $1.35 - $1.37
· SL: $1.32
· TP1: $1.42
· TP2: $1.50
· TP3: $1.80
What are you seeing on this one?
$RENDER
has dropped 1.30% to $1.37. The dip is solid.
The Long/Short ratio is 0.71x, meaning shorts are in control. The funding rate is -1.0000%, the maximum negative. Shorts are paying the highest fee to stay short, and they are bleeding money every single hour. The volatility score is 16/100, which is very low. When volatility is this low and funding is negative, it is a classic recipe for a sharp move higher. Whale activity shows 30% buy pressure and 62% sell pressure – this is a classic shakeout pattern. The price is holding above $1.35 support. If that holds, I see a move to $1.45 first. But if the short squeeze kicks in, $1.80 is not out of the question. That is a 31% upside move from here.
Trading Plan for RENDER:
· Entry: $1.35 - $1.37
· SL: $1.32
· TP1: $1.42
· TP2: $1.50
· TP3: $1.80
What are you seeing on this one?