【$RENDER Signal】No Position - Waiting for Key Support Confirmation

$RENDER On the 4-hour chart, the price surged and then pulled back. Currently, it is weakly oscillating below the EMA20 (1.307), forming a potential bearish continuation pattern.

🎯Direction: No Position (NoPosition)

Market Analysis: The price retreated from the high of 1.348. The latest 4-hour candlestick closed at 1.295, below the EMA20. Although the buy volume ratio (0.56) has increased slightly, overall trading volume has decreased, and the order book imbalance (16.43%) indicates accumulation of sell orders, suggesting heavy selling pressure above.

Core Logic: Open Interest (OI) remains stable, funding rate is slightly positive (0.0004%), with no liquidation risk, but no signs of major buying activity either. RSI (45.84) is in a neutral to weak zone, not oversold.

Key Observation Points: The price has failed to hold above EMA20, and the daily trend remains downward. There are no clear bullish signals (such as volume breakout above EMA20 with rising OI), nor are there triple confirmation signals for shorting (high funding rate + decreasing OI + bearish divergence).

Trading Plan: Wait for the price to show clear buy absorption and volume-price divergence at key support levels (such as the previous low around 1.25-1.26), or wait for a volume breakout and stabilization above 1.315 (EMA20 and recent minor resistance) before considering entry. Current risk-reward ratio is unclear; stay on the sidelines.

Trade here 👇 $RENDER

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