$RENDER Trade Alert
Position: Long Liquidation
Amount: $9.8716K
Price at Liquidation: $9.771
Trade Setup:
Entry Point: $9.771
Target: $10.20 (Strong resistance zone)
Stop Loss: $9.50 (Critical support level)
Analysis:
$RENDER is showing strong upward momentum after bouncing from recent support at $9.50.
The price action suggests a potential surge towards the $10.20 resistance, which offers a solid target for profit-taking.
With a manageable stop loss at $9.50, this trade presents a high-risk, high-reward opportunity.
Watch for a confirmation of the breakout above $9.80 to strengthen the bullish case.
Action:
Enter at $9.771
Set stop loss at $9.50
Exit at $10.20