$RENDER USDT Long (channel breakout)
Price is ~2.039 on the 15m chart, moving up inside a rising channel with higher lows from the HL near 1.97. The key resistance is 2.064, with a "bullish" target zone at 2.09-2.13.
Entry: 2.030-2.040 on a bounce off the channel support (bullish 15m candle), or a safer entry on a 15m close above 2.064
Stop loss: 2.005 (below the 61.8% level at ~2.025 and the channel low)
TP1: 2.064 TP2: 2.095 TP3: 2.125 (0% level / upper channel)
Notes:
Structure has turned constructive (HL, then higher lows inside the channel), but price is still below the LH and the 2.064 resistance, so a confirmed close above 2.064 is the stronger signal. Volume is light on this bounce, so don't size
up until a breakout comes with volume. Skip the trade if a 15m candle closes below 2.005; that breaks the channel. The 15m timeframe is fast and noisy. Risk 1% or less and keep leverage low (3-5x).
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper
Price is ~2.039 on the 15m chart, moving up inside a rising channel with higher lows from the HL near 1.97. The key resistance is 2.064, with a "bullish" target zone at 2.09-2.13.
Entry: 2.030-2.040 on a bounce off the channel support (bullish 15m candle), or a safer entry on a 15m close above 2.064
Stop loss: 2.005 (below the 61.8% level at ~2.025 and the channel low)
TP1: 2.064 TP2: 2.095 TP3: 2.125 (0% level / upper channel)
Notes:
Structure has turned constructive (HL, then higher lows inside the channel), but price is still below the LH and the 2.064 resistance, so a confirmed close above 2.064 is the stronger signal. Volume is light on this bounce, so don't size
up until a breakout comes with volume. Skip the trade if a 15m candle closes below 2.005; that breaks the channel. The 15m timeframe is fast and noisy. Risk 1% or less and keep leverage low (3-5x).
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper