【$RENDER Signal】Pullback to add longs + 1H level rebound confirmation

$RENDER The 1H level formed a double bottom near 1.336 and rebounded strongly. The current price has stabilized above the 1H EMA20 (1.359), RSI (54.22) is turning upward, and short-term momentum is returning. Although the 4H level is still in a downtrend, the latest 4H candle closed bullish, and open interest remains stable without signs of panic selling, providing room for the 1H rebound. The buy order depth on the downside is significantly better than the sell side (depth imbalance 23.87%), indicating clear support from major players.

🎯Direction: Long (Long)

⚡Entry/Order: 1.362 - 1.369

🛑Stop Loss: 1.336

🚀Target 1: 1.395

🚀Target 2: 1.425

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price (1.362). If the price strongly breaks through 1.395 and stabilizes, move the stop loss on the remaining position to hold and aim for Target 2.

(Depth Logic: The price declines but open interest remains stable, indicating it’s not major players offloading, but rather a washout after long liquidation. The 1H RSI is recovering from lows, and the buy order depth (bid_ask_ratio_depth=1.63) is substantial, forming dense support in the 1.36-1.37 range. The 1H level has broken through the short-term downtrend line, with the first rebound target near the previous high of 1.395. )

Check real-time market 👇 $RENDER

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