🚀💰 Technical Analysis For $RENDER 🚀🔥

1️⃣ Level of Importance

• Support: Strong support zone from 4,985 to 6,265.

• Resistance: The main resistance levels are 11,468 and 13,692.

2️⃣ General Trend

• The currency is currently in a short-term bearish channel but is likely to form a reversal pattern.

• If the downtrend is broken, we could see momentum rising to the levels mentioned above.

3️⃣ Momentum Indicators:

• The Stochastic RSI shows a relative decrease, implying a potential buying opportunity.

• There are entry and exit signals on the momentum indicator with Overbought and Oversold levels.

4️⃣ Expected Strategy

• If price can break the descending trend line, we could see a rise to the 11,468 and 13,692 levels.

• Failure to break the trend line could lead to a retest of the support zone.

5️⃣ Recommendation

• It is best to wait for confirmation of a bearish trend break before entering a long position.

• Monitor momentum indicators and trade based on clear signals.

👉 This analysis can be helpful in determining optimal entry and exit points based on historical performance and current momentum indicators.