I'm tracking a fascinating $RENDER price movement on Binance Square. A falling wedge compression is in place, with a key breakout level at $2.199. Current price is at $2.066.
Orderbook tape shows significant selling pressure near the wedge top, creating a tight squeeze. Market sentiment is clearly shifting as bulls are pushing against resistance. If this wedge holds, we could see a strong breakout to the upside.
What's your take? Is the squeeze about to break, or are shorts holding strong?
Orderbook tape shows significant selling pressure near the wedge top, creating a tight squeeze. Market sentiment is clearly shifting as bulls are pushing against resistance. If this wedge holds, we could see a strong breakout to the upside.
What's your take? Is the squeeze about to break, or are shorts holding strong?
