RENDER · 1H · UPTREND
My previous LONG read triggered at 1.500 and hit Target 1 at 1.620 — that setup is complete. Since then RENDER has continued grinding higher in a staircase of higher highs and higher lows, now compressing just under the 2.000 round number after a sharp push from the 1.700 reclaim. The daily trend is firmly UP and I'm not fading it. I'm not chasing price at 1.935 either — the 1.98 cluster is right overhead and the crowd is already long. I want a pullback into the 1.790 to 1.850 zone, a higher low to form, and a clean close back above 1.870 before I'm adding exposure. The 1.980 cluster is a waypoint on the way up — not my target.
Funding at 0.0100% per 8h means longs are paying and a shake below 1.850 before continuation is very plausible. That flush is what creates the entry I want, not the current stretched print.
LONG (CONDITIONAL) SCENARIO
Confirmation
1.790
Pullback into the 1.790 to 1.850 zone with a higher low forming and a clean 1H close back above 1.870 confirms bullish structure resuming; 1.980 is the first dense cluster above and a waypoint — Target 1 is derived from the next structural cluster beyond it.
Invalidation
1.710
Close below 1.710 — the prior swing low on this chart; losing that breaks the higher-low sequence entirely.
Target 1
2.070
Dense liquidation cluster above the 2.000 round number; from confirmation at 1.870 that is 0.200 away against a stop of 0.160 from confirmation to invalidation at 1.710 — R/R 1.25:1.
Target 2
2.090
Second dense cluster just above 2.070; extended objective if 2.000 flips to support.
Resistance: 1.980 (dense liquidation cluster — waypoint) / 2.070 (dense liquidation cluster — Target 1)
Support: 1.790 to 1.850 (pullback zone and prior consolidation) / 1.710 (prior swing low — invalidation)
This is not financial advice. Content is AI-generated.