$RENDER is in a clear short-term downtrend on the 15m chart, printing lower highs and lower lows. Every bounce is quickly sold, showing weak demand and strong seller control. The recent push up failed near the previous lower high, confirming this is a bearish continuation, not a reversal.
Price is currently hovering just above intraday support, but the structure favors another leg down unless buyers step in aggressively. For scalping, rallies into resistance remain the safer side.
Trend Change Alert:
The bias turns bullish only if $RENDER reclaims and holds above 1.255 – 1.265 with strong momentum. Below this zone, the trend remains bearish.
Short Scalp Trade Signal:
Entry Zone: 1.245 – 1.255
Take Profit 1: 1.230
Take Profit 2: 1.215
Stop Loss: 1.270
Leverage: 20x – 50x
Margin: 2% – 5%
Risk Management: Move stop loss to entry once TP1 is hit
Current Price: 1.232 (-2.6%)
Strategy: Short $RENDER into the 1.245 – 1.255 zone and ride the downtrend.
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