$RENDER just gave traders a clear message — the top zone isn’t ready to break.
Price pushed up toward the 2.00 area, but the move ran out of energy fast. Buyers tried to hold it, but sellers stepped in hard and rejected the highs. Now on the 1H chart, momentum is fading and the structure is shifting from strength to short-term pressure. This looks like exhaustion, not continuation.
Right now, this feels like a classic cooldown phase after a strong push. When a market fails at resistance and starts making lower highs, it usually means a pullback is loading.
Trade idea
I’m watching the 1.93 – 1.96 zone for shorts. That area sits right under resistance and offers a cleaner risk setup.
Targets on the downside
1.88 is the first reaction level
1.84 is where buyers may try to slow the drop
1.78 is the deeper correction zone if selling stays strong
Risk control matters here. A stop above 2.02 makes sense because if price climbs back above that level, the rejection story weakens and bulls may try again. After the first target hits, tightening risk by trailing the stop helps protect gains.
As long as price stays below 2.00, the short-term pressure favors the downside. This doesn’t kill the bigger trend — it just looks like the market needs to breathe before any real bullish continuation.
Right now, this is less about panic and more about patience. Let the rejection do the work.
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