$RENDER is giving me an idea for a medium-term long.
The price continues moving within the triangle, and I’m waiting for an upside breakout with a target around $5.515.
I want to build the position not with a single buy, but in parts in the following zone:
$1.940–1.380
Stop — below the weekly zone that previously held the price. The key level for protection is $1.200.
If this scenario plays out, the potential move from the entry zone could be about +218%.
While the price is inside the triangle, I’m just waiting for confirmation of an upside breakout.
The price continues moving within the triangle, and I’m waiting for an upside breakout with a target around $5.515.
I want to build the position not with a single buy, but in parts in the following zone:
$1.940–1.380
Stop — below the weekly zone that previously held the price. The key level for protection is $1.200.
If this scenario plays out, the potential move from the entry zone could be about +218%.
While the price is inside the triangle, I’m just waiting for confirmation of an upside breakout.
