$RENDER remains under bearish pressure despite the recent liquidity sweep below 2.009. The 1-hour structure is still bearish, with price needing a decisive close above 2.069 to invalidate the downtrend. The recent dip appears more like a liquidity grab than a true reversal, increasing the probability of further downside.
Key support zones sit at 1.968 and 1.953, while 1.858 remains a deeper target if selling momentum accelerates. Traders should avoid chasing shorts and instead wait for a rejection in the 2.02–2.04 supply zone before considering entries.
Current market data—falling open interest, low volume, and crowded longs—suggests trapped buyers could fuel another leg lower.
#RENDER #Crypto #Altcoins #Trading #TechnicalAnalysis
Make the trade setup more actionableClarify the liquidity-sweep explanation
Key support zones sit at 1.968 and 1.953, while 1.858 remains a deeper target if selling momentum accelerates. Traders should avoid chasing shorts and instead wait for a rejection in the 2.02–2.04 supply zone before considering entries.
Current market data—falling open interest, low volume, and crowded longs—suggests trapped buyers could fuel another leg lower.
#RENDER #Crypto #Altcoins #Trading #TechnicalAnalysis
Make the trade setup more actionableClarify the liquidity-sweep explanation