【$RENDER Signal】Pullback to go long! 1H RSI bottom divergence + 4H strong support zone, prepare for rebound!

$RENDER The 1H timeframe is oscillating around a critical support zone (1.345-1.355), forming a bottom. RSI shows bottom divergence signals. The 4H level has already retested the lower end of the previous dense trading area, indicating a short-term rebound is imminent. Open interest remains stable, with no signs of panic selling. This is a typical feature of the main force accumulating during consolidation.

🎯Direction: Long (Long)

🎯Entry/Order: 1.348 - 1.355 (Reason: 1H previous low support zone + near 4H EMA50 + dense buy orders on the order book )

🛑Stop loss: 1.335 (Reason: Breaks below the recent 4H low, structure is broken )

🚀Target 1: 1.385 (Reason: Resistance at 1H EMA50 + previous minor high )

🚀Target 2: 1.405 (Reason: Resistance at 4H EMA20 + recent rebound high )

🛡️Trading management:

- Position suggestion: Light position (Reason: Overall still within the 4H downtrend channel, representing a rebound game against the small trend and the larger trend )

- Execution strategy: After reaching Target 1 at 1.385, reduce position by 50%, and move the remaining stop loss to the entry price of 1.355 (break-even). If the price fails to break 1.385 and falls back, close all positions.

Deep logic: Price declines but open interest remains stable, indicating this is not main force distribution but rather long leverage liquidation. 1H RSI at 36.27 is in oversold territory with bottom divergence, indicating rebound momentum is building. Market depth shows over 55,000 buy orders stacked at 1.345, forming a strong support. Negative funding rates suggest short-term overheating among bears, fueling a short squeeze rebound.

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