RNDR
01.03.2024
My thoughts on the Render coin. After a long period of Bitcoin growth, when it reached $64k, many started selling their coins, fearing a reversal in altcoins and Bitcoin itself. However, many experienced traders claim that after the approval of a Bitcoin ETF, institutional investors are scooping up any dips. Having traded in the market for over two years and survived one bear market, I can confidently say "Buy!" when I see the following about the Render coin...
Trading volumes are consolidating near the $7.522 mark. Despite visible strong selling pressure, everything that is being sold is quickly bought up by bulls.
I decided to check the order book for spot trading and discovered on Binance and OKX:
Obvious buy limit orders around the $7 mark exceed sell volumes.
Looking at the investors of this coin, it is noticeable that large investors believe in this project:
And ultimately, on Binance, I come across news that this coin received significant investment literally within 24 hours on the 28th:
Although I usually adhere to strict risk management, here I'm buying up like a greedy father. What do you think about this coin and its movements?
$RNDR