【$RENDER Signal】Long! 1H Strong Breakout, Funding Longs in Progress

$RENDER 1H level strong breakout above EMA20 and EMA50, price hits recent new high, momentum is strong. The 4H level has already broken above all moving averages, forming a bullish pattern, and the latest 4H candlestick shows buy volume ratio reaching 0.55, indicating main force is still buying. Under negative funding rate environment, open interest remains stable while price continues to rise, forming a typical short squeeze structure.

🎯Direction: Long (Long)

🎯Entry/Order: 1.395 - 1.402 (Reason: Retracement to 1H EMA20 support zone and small-scale consolidation platform after breakout )

🛑Stop Loss: 1.375 (Reason: Break below previous 1H candlestick low and key 4H EMA20 support )

🚀Target 1: 1.435 (Reason: Resistance at previous wave high )

🚀Target 2: 1.480 (Reason: 4H ATR extension at 1.5 times level )

🛡️Trade Management:

- Position suggestion: Standard position (Reason: 1H/4H resonance upward, risk-reward ratio >1.5 )

- Execution strategy: After price reaches 1.435, take profit on 50% of the position, and move the stop loss of the remaining position up to entry price 1.402. If price strongly breaks through 1.435, hold the remaining position to target 1.480.

Depth logic: Market depth shows buy orders (1.388-1.398) far exceed sell orders (1.399-1.409), with depth imbalance reaching 26.35%, indicating strong support below. Although 1H RSI is high, it is not exhausted, showing continued buying. Open interest remains stable amid rising prices, indicating not just short covering but new long positions entering. Coupled with negative funding rates, short positions face huge cost pressure, and further upward movement may trigger a short squeeze.

Trade here 👇 $RENDER

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