$RENDER #RENDER 📉
Direction: SHORT
Entry zone: 1.565 to 1.580
Stop loss: 1.620
Target 1: 1.540
Target 2: 1.500
Render is trading near 1.57 dollars, up only 0.19 percent in 24 hours, inside a range of 1.57 to 1.64 dollars, and the recent closes show sellers grinding lower, 1.60, then 1.59, then 1.58, then 1.58, then 1.57. 🔴 My reading is that RENDER is rolling over at its daily low even though it is the only green 7 day coin I checked, up 1.24 percent, because five falling closes in a row tell you the 7 day green is about to be given back. A short from the current zone, with a stop above 1.620, targets 1.540 first and then 1.500 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does RENDER break 1.540 tonight, or reclaim 1.620 first? 🤔
Follow for more trades.
#Render #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 1.565 to 1.580
Stop loss: 1.620
Target 1: 1.540
Target 2: 1.500
Render is trading near 1.57 dollars, up only 0.19 percent in 24 hours, inside a range of 1.57 to 1.64 dollars, and the recent closes show sellers grinding lower, 1.60, then 1.59, then 1.58, then 1.58, then 1.57. 🔴 My reading is that RENDER is rolling over at its daily low even though it is the only green 7 day coin I checked, up 1.24 percent, because five falling closes in a row tell you the 7 day green is about to be given back. A short from the current zone, with a stop above 1.620, targets 1.540 first and then 1.500 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does RENDER break 1.540 tonight, or reclaim 1.620 first? 🤔
Follow for more trades.
#Render #Crypto #FuturesTrading #TradingSignals
