2026-01-11 20:23:37

$RENDER has already shown overbought signals across multiple timeframes, but this time is a bit different—trading volume surged by 147%. Is this just a buildup before a breakout, or an imminent pullback trap?

The technical picture is clear. The 15-minute RSI hit 71, the 1-hour even more extreme at 79, and the 4-hour also around 70. The MACD histogram is still expanding on the 1-hour level, indicating short-term strength. But here’s the problem: such extreme conditions rarely last long.

Key levels to remember: the current price is stuck at the strong resistance zone of 2.64, with resistance above at 2.72 and 2.85, and support below at 2.55 and 2.42.

**How to operate?** If the price effectively breaks above 2.68, consider going long with a target of 2.85, but stop-loss must be tightly set at 2.62. Conversely, if it breaks below the support at 2.55, switch to a short position with a target of 2.42, and set the stop-loss at 2.60.

Honestly, the smartest move at this point is to **wait and see**. With such severe overbought signals, it’s not too late to act after confirmation. You might have lost quite a bit recently, so now is the time to restrain yourself and avoid chasing highs. Stop-loss is a red line, not a suggestion.

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LidoStakeAddict

· 3h ago

A 147% volume surge sounds indeed tempting, but with the RSI already soaring to 79, are we still chasing? Isn't this just the rhythm of taking the last shot? Wait, could it really be the main force accumulating this time... But on the other hand, there have been so many overbought signals, we still need to wait for confirmation before acting. If the 2.68 line breaks above, it could indeed be a good entry point, but I've been trapped a few times already. Now I just want to observe carefully. If it really pulls back to 2.42, that would be the real buying opportunity. No matter how you look at this position, it seems like a trap.

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ETH_Maxi_Taxi

· 3h ago

147% trading volume... This doesn't seem right, feels like a setup for a dump --- RSI79? I'm just asking who is so greedy to chase the high, get ready to be trapped --- It's hard to take the advice to wait and see, I couldn't resist last time, and I'm still in a loss --- I feel like the 2.64 level can't hold, I bet it will try to go down to 2.55 --- A surge in trading volume is always dangerous, often the last frenzy, smart people are waiting for a pullback --- Chasing the high is suicide, RENDER this round might not be as simple as it seems --- Stop-loss at 2.62? Easy to say, who can bear to cut when it really drops

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ArbitrageBot

· 3h ago

Another overbought situation. What I hate most is when people rush in to chase the high at this time. Just wait to be cut. Once it effectively breaks below 2.55, I will turn bearish. This rebound was already very strange, and the surge in volume could very well be a signal of the main players offloading. Waiting and watching is really the safest. Anyway, I don't miss this wave, and there will be many more opportunities next time. I just want to ask, does anyone still dare to chase above 2.68? I definitely don't. Such extreme RSI levels are often a prelude to a reversal. History has shown that overbought levels of 99% rarely end well. Stop-loss at 2.62. Don't loosen a penny at this level. If it touches, I run. I'm too familiar with this routine of cutting leeks. Once it breaks below 2.55, I go all in short. The target is firmly set at 2.42. Making quick money is not as good as surviving longer.

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CounterIndicator

· 3h ago

Counter-indicator brother's comments on this article: A 147% surge in volume sounds impressive, but RSI at 79... frankly, it's a prelude to a dump, my intuition has never been wrong. --- It's another wait-and-see, waiting for confirmation signals? Bro, you're teaching people how to lose money. You should have bought before 2.68. --- What are you hesitating at 2.64? Just jump to 2.72 directly, break below and run. That’s the right way to make money. --- Can the support at 2.55 hold? Laughable. It wouldn't be surprising to drop straight to 2.42 this round. I already sold. --- Overbought is overbought, volume is speaking. If I don't chase this wave, I'll wait for the next one. --- Stop loss at 2.62? Too tight, bro. You won't be able to follow the trend like that. I usually leave myself more room.

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MetaverseLandlady

· 3h ago

147% trading volume, this move is a bit fierce... but the RSI has soared to 79, oh my, this really is the top. Seeing 2.64 stuck there, I really don't dare to chase; such overbought conditions going up just makes you the bag holder. Waiting and watching, wait for a confirmation before making a move. Anyway, I've lost so much before, this time I need to be more cautious. If it breaks below 2.55, I’ll look for a short; if it doesn't break, I’ll keep lying low. No rush. Stop-loss is no joke. Last time I didn't set it properly and lost a month's salary. This time, I’m dead set on sticking to it.

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0xLuckbox

· 3h ago

147% volume surge sounds fierce, but the RSI has already skyrocketed to 70+, which is definitely a top signal. Why would anyone dare to chase? It's wise to stay on the sidelines; I'm just watching the show. Last time, FOMO chasing high got me trapped, this time I’ve learned to be smarter. The 2.64 level is really tightly capped; if it can't break through, I feel it might need to pull back. Brothers, really don't chase high; set your stop-losses and go to sleep. Don't fight yourself. If this wave is truly building momentum, what if I miss out? Forget it, I can re-enter after the pullback if needed. With such strange volume, I’m even more cautious. I’d rather wait for a clear signal.

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