$RENDER - Chart Request:
The short-term price action is bullish [H4 - H1] 📈, but there's a catch. The price has surged 50% in just 5 days and is now encountering a key resistance zone on the daily chart! ⚠️⚠️
A bearish divergence in the RSI [H4] suggests that buyer momentum is weakening! ⚠️ I don't expect the price to break above $6,800. Instead, I anticipate a pullback and bearish correction soon.
➡️ Given the strength of the short-term uptrend, a possible scenario could be a final pump towards $6,800 or a double top at $6,500, followed by a correction down to the $5,700 support zone. 📉🚨
Watch for this scenario on the chart, along with important levels!
💡 Tips:
A safer entry for a short position might be to wait for the 5-day uptrend to break and retest!
#BTC☀ #Crypto_Jobs🎯 #RENDER #Dyor2024 #TradingShot