$RENDER is down 5 percent today and you need to ask who is selling
Retail traders always chase the green candles at the top of the day
Right now $RENDER sits at 1.9260 which is just 21 percent of its 24 hour range
That means heavy selling pushed it all the way back down from the 2.0920 high
Volume is running at 1.2 times the weekly average so lots of hands are trading
When you buy a coin sitting near its daily low you are catching a falling knife from someone who bought lower
The 1 hour RSI sits at 43 meaning momentum is flat or sliding
Wait for the asset to stop dropping before you risk your cash
Never buy a token just because it was a top gainer hours ago
What is your main filter to avoid buying local lows
#RENDER #TradingTips
Retail traders always chase the green candles at the top of the day
Right now $RENDER sits at 1.9260 which is just 21 percent of its 24 hour range
That means heavy selling pushed it all the way back down from the 2.0920 high
Volume is running at 1.2 times the weekly average so lots of hands are trading
When you buy a coin sitting near its daily low you are catching a falling knife from someone who bought lower
The 1 hour RSI sits at 43 meaning momentum is flat or sliding
Wait for the asset to stop dropping before you risk your cash
Never buy a token just because it was a top gainer hours ago
What is your main filter to avoid buying local lows
#RENDER #TradingTips