【$RENDER Signal】Pullback to Long + 1H Level Stabilization and Rebound, Main Force Protecting the Market Signs

$RENDER The 1H level stabilizes above EMA20 (1.4395), with the price rebounding from the low of 1.382, forming a potential double bottom pattern. Although the 4H level is in a downward channel, the current candlestick closes bullish, and open interest (OI) remains stable. Under negative funding rates, the price has not made new lows, indicating possible short squeeze. The order book depth is unusually thick in the 1.438-1.444 range, showing clear signs of main force defending the market.

🎯Direction: Long (Long)

🎯Entry/Order: 1.438 - 1.442 (Reason: 1H EMA50 support zone + dense buy orders in the order book )

🛑Stop Loss: 1.382 (Reason: Break below previous low, double bottom structure invalidated )

🚀Target 1: 1.463 (Reason: Recent rebound high resistance )

🚀Target 2: 1.495 (Reason: 4H previous high and Fibonacci 0.5 retracement level )

🛡️Trade Management:

- Position suggestion: Light position (Reason: 4H trend not fully reversed, left-side trading )

- Execution strategy: After the price reaches 1.463, reduce position by 50% and move stop loss up to entry at 1.442. Hold remaining position for higher targets; if the price retraces to 1.442, exit all.

Depth logic: Although the price has declined, OI remains stable, which is not typical of main force unloading. It resembles a liquidation caused by a short squeeze. The 1H RSI (53.29) is in healthy recovery, buy order depth imbalance reaches 17.71%, with strong support below. In a negative funding rate environment, if the price stabilizes above 1.445 (1H opening price), it will trigger short covering and accelerate the rebound.

Trade here 👇 $RENDER

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