$RENDER has pulled back after a high on the 4-hour chart, with the current price weakly oscillating below EMA20 (1.307), forming a potential downward continuation structure.
🎯 Direction: No Position
Market Analysis: The price has retraced from a high of 1.348, with the latest 4-hour candlestick closing at 1.295, below EMA20. Although the latest candlestick's buying ratio (0.56) has rebounded somewhat, the overall trading volume has shrunk, and the deep imbalance (16.43%) indicates an accumulation of sell orders, creating significant upward pressure.
Logic Hard Core: OI is stable, with a slightly positive funding rate (0.0004%), indicating no short squeeze risk, but also no signs of major players going long. RSI (45.84) is in a neutral to weak area, not entering oversold territory.
Key Observation Points: The price has not stabilized above EMA20, and the daily trend remains in a downward channel. Currently lacking clear buy signals (such as a strong breakout above EMA20 accompanied by rising OI), and lacking the triple resonance conditions for shorting (high funding rate + declining OI + top divergence).
Trading Plan: Wait for the price to show clear buying absorption and volume-price divergence signals at key support levels (such as the 1.25-1.26 previous low area), or wait for the price to break out with volume and stabilize above 1.315 (EMA20 and recent minor resistance) before considering entry. The current risk-reward ratio is unclear, so remain in a no position and observe.
Trade here 👇$RENDER
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