【$RENDER Signal】Long - 1H pullback confirmation, main force clearly defending the market

$RENDER The 1H timeframe is strongly consolidating above the EMA20 (1.4827), with the price refusing to deepen the correction. The 4H timeframe has broken through the previous consolidation zone, closing above EMA20 (1.4012), indicating a trend reversal to bullish. The current 1H RSI (63.52) is healthy, preparing for another upward push.

🎯Direction: Long (Long)

🎯Entry/Order: 1.498 - 1.502 (Reason: 1H EMA20 dynamic support zone, heavy buy orders on the order book )

🛑Stop Loss: 1.483 (Reason: Break below the 1H consolidation low and dense trading zone )

🚀Target 1: 1.547 (Reason: Previous high resistance, 4H upper shadow high point )

🚀Target 2: 1.580 (Reason: Based on recent wave Fibonacci extension at 1.618 )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: 4H breakout confirmed, 1H structure stable, risk-reward ratio >1.5 )

- Execution strategy: After the price reaches 1.547, reduce position by 50% and move stop loss up to entry price 1.500. Hold the remaining position for the second target; if the price pulls back below 1.505, exit all.

Depth logic: After a 6.91% increase, the price consolidates sideways, but open interest (OI) remains stable, with no sharp decline caused by profit-taking, indicating main force support or new funds entering. Order book depth shows large buy orders (1.49-1.499), forming a solid support wall. The 1H candles show consecutive lower shadows, indicating quick buy-backs on each pullback, a typical sign of strong consolidation. Coupled with the 4H volume breakout, short-term bullish momentum remains.

Trade here 👇 $RENDER

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