RENDER is holding strong above the $3.50–$4.00 support zone, forming what appears to be a higher low — a classic sign of potential trend continuation. This setup provides a favorable risk-to-reward ratio with clearly defined invalidation and upside targets.
📥 Entry Zone:
$3.50 – $4.00
🔸 Holding above demand
🔸 Prior resistance now acting as support
🔸 Potential higher low setup
🎯 Take Profit Targets:
🥇 $6.00 – Previous local top / liquidity pocket
🥈 $8.00 – Major resistance zone from prior cycle
🥉 $10.00 – Psychological round number + HTF extension target
🛑 Stop Loss:
Daily close below $2.50
Clears invalidation of the structure
Below HTF support base
📥 Entry Zone:
$3.50 – $4.00
🔸 Holding above demand
🔸 Prior resistance now acting as support
🔸 Potential higher low setup
🎯 Take Profit Targets:
🥇 $6.00 – Previous local top / liquidity pocket
🥈 $8.00 – Major resistance zone from prior cycle
🥉 $10.00 – Psychological round number + HTF extension target
🛑 Stop Loss:
Daily close below $2.50
Clears invalidation of the structure
Below HTF support base
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.