【$RENDER Signal】Bullish Rebound! 1H Oversold Bounce + Market Support, Targeting Intraday Pullback

$RENDER The 1H timeframe formed a panic low at 1.348, signaling a potential stabilization. Currently, the price is consolidating around 1.363 with narrow fluctuations, and the 1H RSI has entered the oversold zone (30.2), indicating a technical rebound is needed. Although the 4H trend remains in a downtrend, the latest 4H candle closed with a long lower shadow, and open interest (OI) remains stable, showing no large-scale capitulation by bulls. This provides a basis for a short-term rebound. Market depth data shows unusually thick buy orders in the 1.35-1.36 range, forming a short-term support wall.

🎯Direction: Long (Long)

🎯Entry/Order: 1.360 - 1.365 (Reason: Near the lower boundary of the current consolidation zone, close to dense buy support area )

🛑Stop Loss: 1.345 (Reason: Break below previous low of 1.348 and key buy support below )

🚀Target 1: 1.385 - 1.390 (Reason: 1H EMA20 resistance and previous small platform high )

🚀Target 2: 1.410 - 1.415 (Reason: 4H downtrend start point and strong 1H EMA50 resistance zone )

🛡️Trading Management:

- Position Size: Light (Reason: The 4H trend is still bearish; this is a counter-trend rebound with higher risk )

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price of 1.365. Hold remaining position for Target 2; if price cannot hold above 1.375, exit all.

Deep Logic: Price plunged from 1.42 to 1.348, but OI remained stable, implying the decline is mainly due to spot selling pressure or passive futures long liquidation, not major short-building by large players. The 1H RSI is severely oversold, indicating a need for correction. The latest 1H candle shows a buy/sell ratio of 0.97, indicating buying activity is increasing. The key is whether the price can quickly recover and hold above 1.375, which will determine if the rebound is a technical correction or the start of a reversal.

View real-time market 👇 $RENDER

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