$RENDER Rally Losing Steam? Possible Short Setup 📉
The recent rally on $RENDER has been impressive, but the momentum now appears to be cooling down near resistance.
Although buyers managed to push the price higher, the latest price action shows weaker follow-through and a more choppy structure. Instead of a strong continuation, the market is slowly grinding upward into resistance, which can sometimes signal exhaustion.
When upside momentum begins to stall like this, sellers often start stepping back in. If buying pressure fades further, a short-term pullback could follow.
Trading Plan – Short $RENDER
Entry: 1.75 – 1.83
Stop Loss: 1.92
Targets:
TP1: 1.62
TP2: 1.48
TP3: 1.34
As always, wait for confirmation and manage risk properly.
Click and Trade here 👇
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