$RENDER is up 23.37% on the week and still pressing the top of its daily range. that's a coin being bought, not one being chased.
the pitch hasn't changed: fast, affordable processing of GPU tasks. CMC's feed is mostly saying the same thing in different words, so there's no fresh catalyst here. I'd rather tell you that than invent one.
but a coin that climbs this hard on the week with no loud news usually has real buyers under it. holders aren't selling into the move, and that's the part I care about.
the pullback crowd will say a week like this has to cool off. I think a day that closes green after that run says the dip buyers are already there.
$RENDER trades at $1.94 right now, with the 24h range running from $1.82 to $1.99. if it holds $1.82, I think it takes another run at $1.99 and clears it. if it loses $1.82, I'm wrong on this and there's nothing to defend. anyone holding for the breakout eats the round trip of the whole day's gain.
holding $1.82 or losing it?
follow me for more calls like this.
the pitch hasn't changed: fast, affordable processing of GPU tasks. CMC's feed is mostly saying the same thing in different words, so there's no fresh catalyst here. I'd rather tell you that than invent one.
but a coin that climbs this hard on the week with no loud news usually has real buyers under it. holders aren't selling into the move, and that's the part I care about.
the pullback crowd will say a week like this has to cool off. I think a day that closes green after that run says the dip buyers are already there.
$RENDER trades at $1.94 right now, with the 24h range running from $1.82 to $1.99. if it holds $1.82, I think it takes another run at $1.99 and clears it. if it loses $1.82, I'm wrong on this and there's nothing to defend. anyone holding for the breakout eats the round trip of the whole day's gain.
holding $1.82 or losing it?
follow me for more calls like this.
