Friends, I have recommended that the spot within the skirt has good returns.
Many people ask me if AI can still be bought.
Here I say the current AI boom still has
The future is a trend, it is definitely a buy and must buy.
Next, I recommend this Render, let me explain below.
Fundamental Analysis Support
Render Network Project Development:
• Render is a blockchain project focused on distributed GPU rendering services, and as the demand for AI and 3D technology grows, its market demand will enhance token value.
Support and Resistance Levels:
• Support Levels: Approximately $6.00, $6.50. These are levels that the price has tested multiple times recently and rebounded.
• Resistance Levels: Approximately $8.00, $11.87, and $13.86. These resistance ranges are key challenge points for price increases.
Breakthrough Trading Strategy:
• Wait for the price to break through the resistance level of $8.00, and enter long positions after confirming an effective breakout. Set stop-loss below $7.50.
• First Target: $11.87, Second Target: $13.86. After breaking through, further advance towards $15.
Fibonacci Retracement Analysis:
• According to Fibonacci support levels, the price has rebounded to around $7.50.
• If it breaks through the 0.618 retracement level subsequently, the price target may directly correspond to the 1.618 extension area, around $15.
Rebound Trend:
Future expected upward trajectory, target price at $13.86 and higher regions ($15). This reflects the market's expectation of further increases after breaking resistance levels.
Buying Strategy:
• If the price retraces to the $6.50-$7.00 area, one can observe buying strength and establish long positions.
• Set stop-loss below $6.00, first target $10, second target $15.
Risk and Management
1. Potential Risks:
• If it falls below the $6 support level, it may trigger further downside risks.
2. Stop Loss and Risk Control:
• Control each trade's risk within 1-2% of total capital, set stop-loss positions to prevent unexpected losses.