【$RENDER Signal】Pullback to Long! 1H Oversold Rebound + 4H Key EMA50 Support

$RENDER After the 1H level formed a clear lower shadow at 1.418, it is building a small-level double bottom, RSI(1H) has entered the oversold zone (37.27), indicating a technical rebound is needed. The price on the 4H level precisely retested the EMA50 (1.4381) and temporarily stabilized, which is a critical line of defense for the bulls. Open interest (OI) remains stable and has not significantly decreased with the price decline, suggesting it is not a full-scale liquidation by major players but more like a leveraged shakeout of the bulls. Currently, the buy order depth at the 1.43-1.425 zone is unusually thick, forming a support wall.

🎯Direction: Long (Long)

🎯Entry/Order: 1.435 - 1.438 (Reason: Retesting the 4H EMA50 support zone, 1H double bottom neckline)

🛑Stop Loss: 1.418 (Reason: Break below previous low and 1H double bottom structure)

🚀Target 1: 1.465 (Reason: Resistance from the 1H EMA20 and previous small platform)

🚀Target 2: 1.485 (Reason: Resistance at the previous high on the 4H level)

🛡️Trade Management:

- Position suggestion: Light position (Reason: Overall trend remains weak, this is a counter-trend rebound play)

- Execution strategy: When the price reaches 1.465, reduce position by 50% and move the stop loss to the entry price of 1.438. Hold the remaining position for the second target. If the price cannot hold above 1.455, exit all positions.

(Depth Logic: Despite the price decline, OI remains stable, combined with negative funding rates, indicating a potential short squeeze rebound scenario. The 1H RSI bullish divergence is forming; if the price can hold above 1.44 and buy volume increases, the short-term rebound will be confirmed. The buy orders accumulated in the 1.425-1.43 area exceed 100,000 USD, serving as strong support evidence. )

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