$RENDER is up 48.90% in 30 days and the pullback is sitting right on a level that matters: the 20-day mean at $1.9741.
that's 40.4 points ahead of BTC over the month. the last week gave back 5.00%, and i read that as a pause inside a trend, not the end of one. daily RSI is 59, warm but not hot.
the part i don't love: volume over the last 5 days is 0.85x the 20 days before it, and the daily MACD histogram is still negative. the screener scores it 8 out of 14. that's a decent long, not a slam dunk, and i'm not dressing it up.
$RENDER trades at $2.04 right now. if it holds $1.9741, i think it pushes back to yesterday's high at $2.168. if it loses $1.9741, i'm wrong on this and there's nothing to defend. anyone already long is then holding a dip with no floor under it.
holding $1.9741 or losing it?
follow me for more calls like this.
that's 40.4 points ahead of BTC over the month. the last week gave back 5.00%, and i read that as a pause inside a trend, not the end of one. daily RSI is 59, warm but not hot.
the part i don't love: volume over the last 5 days is 0.85x the 20 days before it, and the daily MACD histogram is still negative. the screener scores it 8 out of 14. that's a decent long, not a slam dunk, and i'm not dressing it up.
$RENDER trades at $2.04 right now. if it holds $1.9741, i think it pushes back to yesterday's high at $2.168. if it loses $1.9741, i'm wrong on this and there's nothing to defend. anyone already long is then holding a dip with no floor under it.
holding $1.9741 or losing it?
follow me for more calls like this.