RENDER Update — Decisive Level Reached 🚨
Driven by the market correction, Render touched its crucial support level between 6.30-6.60.
It'll be essential to hold above this level. Otherwise, there's a huge risk of dropping to 4.50.
If we bounce from here, it offers a nice entry with a first profit target at $8. However, in terms of trading, I would wait for a clear reversal signal driven by solid volume.
‣ Long Term Outlook
As discussed in my latest article, I am incredibly bullish on Render long-term. Therefore, the current levels (even (or especially) if we drop lower) provide a perfect opportunity to build/grow a bag).