$RENDER has risen and fallen on the 4-hour level, currently the price is weakly oscillating below EMA20 (1.307), forming a potential downward continuation structure.
🎯 Direction: No Position
Market Analysis: The price has retreated from the high of 1.348, and the latest 4-hour candlestick closed at 1.295, below EMA20. Although the buying ratio of the latest candlestick (0.56) has rebounded, the overall trading volume has shrunk, and a deep imbalance (16.43%) indicates accumulation of sell orders, with heavy selling pressure above.
Hard Logic: OI is stable, funding rate is slightly positive (0.0004%), no short squeeze risk, but there are also no signs of major buying. RSI (45.84) is in a neutral to weak area, not entering oversold territory.
Key Observation Points: The price has not been able to stabilize above EMA20, and the daily trend is still in a downward channel. There is currently a lack of clear buying signals (such as a volume breakout above EMA20 accompanied by an increase in OI), and also a lack of triple resonance conditions for shorting (high funding rate + decrease in OI + divergence at the top).
Trading Plan: Wait for a clear buying absorption and volume-price divergence signal at key support levels (such as the 1.25-1.26 previous low area), or wait for a volume breakout and stabilization above 1.315 (EMA20 and recent minor resistance) before considering entry. Currently, the risk-reward ratio is unclear, so stay on the sidelines.
Trade here 👇
$RENDER ---
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