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🪙 Coin Name: #RNDR/USDT 4h
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On the 4-hour time frame, Render Token (RNDR) has been forming an ascending channel chart pattern, characterized by higher highs and higher lows, indicating a bullish trend. Upon examining the Relative Strength Index (RSI), a momentum oscillator, we notice bullish signals. The RSI indicates strengthening upward momentum, suggesting that the bullish trend is gaining strength.
Furthermore, RNDR has recently broken through the resistance line of this ascending channel. A breakout above the resistance line in an ascending channel generally signals a continuation or strengthening of the bullish trend. Given these factors—the bullish indications from the RSI and the breakout of the resistance line—it appears that RNDR is poised for further bullish movement. This implies that the upward trend is likely to continue, and traders can anticipate potential further gains.
Entry: 10.823 - Market Price
Signal Type: LONG
Take Profit-
🎯$11.300
🎯$11.500
🎯$11.800
🔒 Leverage: 20x
⛔ Stop Loss at: $10.250
Don't miss out on this opportunity! 💸
