【$RENDER Signal】Long | 1H Breakout Consolidation, Clear Signs of Capital Support

$RENDER The 1H timeframe has been consolidating within the 1.485-1.505 range with narrow fluctuations, and recently experienced moderate volume increase, breaking above EMA20(1.4833). Buying depth significantly exceeds selling, indicating strong support below. Although the 4H level is still volatile, the price has stabilized above EMA50(1.4340), with stable open interest. In a negative fee rate environment, the price remains firm, suggesting potential short squeeze opportunities. Market logic indicates a price increase, and combined with the buying depth advantage, there is a high likelihood of main force support or accumulation.

🎯Direction: Long (Long)

🎯Entry/Order: 1.495 - 1.500 (Reason: 1H breakout above the consolidation zone upper boundary, stabilizing above EMA20)

🛑Stop Loss: 1.475 (Reason: Break below the 1H consolidation zone lower boundary and previous support, ATR protection)

🚀Target 1: 1.544 (Reason: 4H previous high resistance level)

🚀Target 2: 1.580 (Reason: 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position size suggestion: Light (Reason: 4H trend is not fully clear, representing a 1H breakout game)

- Execution strategy: After the price reaches 1.544, reduce position by 50% and move stop loss to entry price 1.495. The remaining position aims for the second target; if the price retraces and breaks below 1.495, exit all.

Depth logic: Order book imbalance reaches 24.36%, with buy orders far exceeding sell orders, showing very strong support below. The 1H RSI(57.14) is in a healthy upward phase, not overbought. Stable open interest with rising prices indicates that in a negative fee environment, bears may be squeezed. The key is whether volume can break through the dense sell zone at 1.505-1.508.

View real-time market 👇 $RENDER

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