Yello, Paradisers! Is this just another range before a full reversal or a sneaky trap waiting to punish early buyers of #RENDER? Let's see the latest analysis of #RENDERUSDT:
💎After several weeks of slowly bleeding within a clean descending channel, #RENDERUSDT is now attempting a breakout from that structure. While the move isn’t confirmed just yet, this is the first real signal that sellers are losing momentum, and a shift could be on the table. Price is currently hovering just above the $3.15–$3.20 zone, and the next few candles will be key.
💎If buyers step up and push #RENDER through this upper trendline with strength, we have a clear runway toward the moderate resistance at $4.20. And if that gets taken out, the next strong resistance area comes in at $5.35, where we expect heavy distribution. But for now, it’s all about reclaiming and holding above this descending structure.
đź’ŽSo what gives this setup real potential? The demand zone at $2.97 held like a fortress. If it fails, the next line of defense is a strong demand zone at $2.50. Buyers defended it multiple times and sparked a mini-reversal off the bottom of the channel. This demand zone is our launchpad, and as long as the price stays above it, bulls are still in control.
💎But make no mistake: if price loses $2.97, the bullish setup is invalidated. That would open up a deeper drop back toward $2.50 or lower, and we’ll step aside to wait for a better entry again.
Stay patient, Paradisers. Let the breakout confirm, and only then do we strike with conviction.
MyCryptoParadise
iFeel the success🌴
💎After several weeks of slowly bleeding within a clean descending channel, #RENDERUSDT is now attempting a breakout from that structure. While the move isn’t confirmed just yet, this is the first real signal that sellers are losing momentum, and a shift could be on the table. Price is currently hovering just above the $3.15–$3.20 zone, and the next few candles will be key.
💎If buyers step up and push #RENDER through this upper trendline with strength, we have a clear runway toward the moderate resistance at $4.20. And if that gets taken out, the next strong resistance area comes in at $5.35, where we expect heavy distribution. But for now, it’s all about reclaiming and holding above this descending structure.
đź’ŽSo what gives this setup real potential? The demand zone at $2.97 held like a fortress. If it fails, the next line of defense is a strong demand zone at $2.50. Buyers defended it multiple times and sparked a mini-reversal off the bottom of the channel. This demand zone is our launchpad, and as long as the price stays above it, bulls are still in control.
💎But make no mistake: if price loses $2.97, the bullish setup is invalidated. That would open up a deeper drop back toward $2.50 or lower, and we’ll step aside to wait for a better entry again.
Stay patient, Paradisers. Let the breakout confirm, and only then do we strike with conviction.
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.