🚀 $RENDER
Breakout: Bullish Momentum Accelerating!
RENDER is exhibiting a massive breakout, entering a powerful continuation phase. The technical structure on the 1H timeframe is textbook bullish, characterized by consistent higher highs and higher lows.
📈 Technical Analysis
Moving Averages: Price is aggressively accelerating above the EMA 7, 25, and 99, signaling strong trend confirmation.
Volume: Significant volume expansion accompanies the recent green candles, validating the strength of this move.
Structure: While slightly extended in the short term, the overall momentum remains dominant. The strategy remains "buy-the-dip" as long as the 2.45 support zone holds.
⚡ Trade Setup: RENDER/USDT (Perp)
Entry Range: 2.48 – 2.58
Target 1 (TP1): 2.72
Target 2 (TP2): 2.90
Target 3 (TP3): 3.20 (Major Extension)
Stop Loss (SL): 2.35
Strategy Note: Maintain discipline. Look for entries on minor pullbacks within the entry zone to maximize R/R.
Nabiha Noor
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