Can be a reversal pattern, double top | Short Bias
Daily Chart
Render Token is in consolidation phase in range 1.25 - 1.55 and it's trading at 1.485 now. Very nearly resistance
Chart 4H TF
RNDRUSDT
is still uptrend and moving up to resistance around 1.55
This level is very strong, so I don't think RNDR can break out now. Besides, this level is retracement 0.618 Fib that's why I more likely for short position.
Wait for next move
Render Token is in consolidation phase in range 1.25 - 1.55 and it's trading at 1.485 now. Very nearly resistance
Chart 4H TF
RNDRUSDT
is still uptrend and moving up to resistance around 1.55 This level is very strong, so I don't think RNDR can break out now. Besides, this level is retracement 0.618 Fib that's why I more likely for short position.
Wait for next move
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📱Copy Trade on Binance: bit.ly/3NHOTKQ
🔐 Buy Cold Wallet Ledger bit.ly/3OmOrBe
💬 Tele: t.me/trieutv_official
