Friends, I have previously recommended that the spot in the group has a good yield.
Many people ask me if AI can still be bought.
Here I say that the current AI craze still has
The future is a trend, it is of course to buy and must buy.
Next, I recommend this Render, see below for my explanation.
Fundamental analysis support
Render Network project development：
• Render is a blockchain project focused on distributed GPU rendering services. As demand for AI and 3D technology grows, its market demand will enhance token value.
Support and Resistance Levels：
• Support levels: Approximately $6.00 and $6.50. These are levels that have been tested multiple times and rebounded recently.
• Resistance levels: Approximately $8.00, $11.87, and $13.86. These resistance zones are key challenge points for price increases.
Breakthrough Trading Strategy：
• Wait for the price to break through the resistance level of $8.00, confirm effective breakthrough before entering long positions. Set stop loss below $7.50.
• First target: $11.87, second target: $13.86. After the breakthrough, push further towards $15.
Fibonacci Retracement Analysis：
• According to Fibonacci support levels, the price has rebounded to around $7.50.
• If it breaks the 0.618 retracement level later, the price target may directly correspond to the 1.618 extension area, approximately at $15.
Rebound Trend：
Future expected upward trajectory, target price in the $13.86 and higher region ($15). This reflects the market's expectations for further rises after breaking the resistance level.
Buying Strategy：
• If the price retraces to the $6.50-$7.00 region, one can observe the buying power and establish long positions.
• Set the 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 the risk of each trade to 1-2% of total funds, set stop loss positions to prevent unexpected losses.