$RENDER is currently consolidating inside a tight horizontal range after a strong impulsive move. Price is forming a compression zone between clear support and descending resistance, which often precedes a volatility expansion. The upper trendline shows sellers stepping in on rallies, while the lower base continues to attract buyers, indicating balance before a decisive move. A sustained hold above range support keeps bullish continuation on the table, while a clean break below would invalidate the setup. The preferred approach here is to trade the range with strict risk control or wait for confirmation.
Trade Setup
Entry Zone: 1.78 – 1.82
Target 1: 1.90
Target 2: 2.02
Target 3: 2.18
Stop-Loss: 1.72
Stay patient, respect the levels, and let confirmation lead your execution rather than anticipation.
RENDER
2.234
-0.08%