$RENDER Pulling it up from the bottom is indeed pretty aggressive, but when I watch the order book, I notice that every time it gets near 1.5, large orders start to suppress it. This level used to be a long-vs-short meat grinder—I don’t believe it will pass through easily this time. To be honest, if someone really is bullish, they should push it up on increased volume instead of grinding around on lower volume.
So I’m more inclined to think the rebound is over and I’m preparing to short at higher levels. If I’m wrong, I’ll cut the loss— but if I’m right, the downside room is more than enough.
🔴 Trade Direction: Short
📍 Entry Range: 1.47 – 1.53
🛑 Stop Loss: 1.63
🎯 Take Profit 1: 1.40
🎯 Take Profit 2: 1.33
🎯 Take Profit 3: 1.25
#RENDER
Click below to trade 👇👇👇
So I’m more inclined to think the rebound is over and I’m preparing to short at higher levels. If I’m wrong, I’ll cut the loss— but if I’m right, the downside room is more than enough.
🔴 Trade Direction: Short
📍 Entry Range: 1.47 – 1.53
🛑 Stop Loss: 1.63
🎯 Take Profit 1: 1.40
🎯 Take Profit 2: 1.33
🎯 Take Profit 3: 1.25
#RENDER
Click below to trade 👇👇👇