RENDER · 1H · UPTREND
Both targets from my last read — 2.070 and 2.090 — are done. That move is complete, and I'm not treating the spike high as a base for continuation. Price pulled back from the 2.09 area into the 1.92–1.95 zone, found buyers, and has now recovered to 1.985 with the EMA 9, 20, and 50 cluster all stacked just below at 1.960–1.965, rising into price. The daily trend is UP, the short MAs are curling back up, and the structure is a higher low off the pullback — this is a time correction resolving, not a breakdown. What I'm watching is whether price can close a 1H candle through 2.00 and hold it. That round number has capped every push visible on this chart and is the only meaningful resistance standing between here and the 2.13 liquidation cluster.
LONG SCENARIO
Confirmation
2.00
1H close above 2.00 and holding — that flips the round number to support and confirms the higher-low structure off the 1.92 base.
Invalidation
1.92
Close below 1.92 — the swing low of the recent pullback; losing that breaks the higher-low sequence and puts the EMA cluster back in play as overhead.
Target 1
2.13
Dense liquidation cluster above; from confirmation at 2.00 that is 0.13 away against a stop of 0.08.
Target 2
2.19
Next dense liquidation cluster; extended objective if 2.00 flips cleanly.
Resistance: 2.00 / 2.13
Support: 1.92 / 1.85 (dense liquidation cluster below)
This is not financial advice. Content is AI-generated.