📊 $RENDER 1H: third rejection at the range top, WAITING SHORT
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📉 State: RENDER hit 1.640 at 03:00 Riyadh and was rejected for the third time since Nov 4 (1.641 and 1.636 earlier). It now trades 1.580, -0.9% on the day, sliding toward the 1H EMA200 (1.574). On 4H it is below the EMA200 (1.692). The range since Nov 4 is roughly 1.47-1.64.
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🎯 Plan (perp, only after confirmation):
Activation: a push back into 1.615-1.625, then a 1H close below 1.615. Limit 1.618.
Stop: 1.6485 (1.641 swing + 0.3×ATR, ATR 0.025).
TP1: 1.560 (Nov 10 base), ~1.6R net.
TP2: 1.535 (Nov 10 lows), ~2.4R net.
Costs assumed: 0.1% per side.
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❌ Cancel: a 1H close above 1.6485, a drop below 1.560 before activation (move gone), or no trigger by 21:00 Riyadh today.
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📐 Size: 1% risk = equity × 0.01 ÷ 0.0337 (stop distance + costs per RENDER).
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🧠 Confidence: low-moderate. A level tested three times can also break; that is why the stop sits just above it.
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Not financial advice. DYOR.
#RENDER #AI #TechnicalAnalysis #BinanceSquare
⠀
📉 State: RENDER hit 1.640 at 03:00 Riyadh and was rejected for the third time since Nov 4 (1.641 and 1.636 earlier). It now trades 1.580, -0.9% on the day, sliding toward the 1H EMA200 (1.574). On 4H it is below the EMA200 (1.692). The range since Nov 4 is roughly 1.47-1.64.
⠀
🎯 Plan (perp, only after confirmation):
Activation: a push back into 1.615-1.625, then a 1H close below 1.615. Limit 1.618.
Stop: 1.6485 (1.641 swing + 0.3×ATR, ATR 0.025).
TP1: 1.560 (Nov 10 base), ~1.6R net.
TP2: 1.535 (Nov 10 lows), ~2.4R net.
Costs assumed: 0.1% per side.
⠀
❌ Cancel: a 1H close above 1.6485, a drop below 1.560 before activation (move gone), or no trigger by 21:00 Riyadh today.
⠀
📐 Size: 1% risk = equity × 0.01 ÷ 0.0337 (stop distance + costs per RENDER).
⠀
🧠 Confidence: low-moderate. A level tested three times can also break; that is why the stop sits just above it.
⠀
Not financial advice. DYOR.
#RENDER #AI #TechnicalAnalysis #BinanceSquare
