RENDER Descending Triangle 4H

Apr 10

RENDERUSDT seems to be forming a descending triangle on the 4H timeframe.

3 clear touches on resistance, and well-defined two-tap horizontal support at $2.50.

Key Levels to Watch 🔑
• $2.50-$2.75 Main support and daily demand zone
• $3.80-$4.20 Daily sell order block (potential resistance)
• $5.00-$5.20 4H sell order block (potential resistance)

Breakout Targets 🎯
⬆️ $5.00
⬇️ $1.50

Still in a No-Trade Zone, wait for confirmation (breakout candle close with good volume).

Apr 10

Note

Potential alternative entry in case of rejection at resistance, with clear invalidation below the ~$3.15 order block.
1H zoom in.

Apr 11

Trade active

Upside breakout confirmed.
This places the target at $5.00, provided it manages to clear the $3.80-$4.20 order block.
Invalidation is a break back below the resistance.

Apr 11

Note

RENDER tapped the sell order block at $3.80, and formed a doji.
If you missed the breakout, it's worth watching for a potential retest of the resistance as support.