This is my macro view on Render Token.
I'm very bullish on Render for the next bull run but I think it's cooked for now and it's going lower on the HTF.
If I get a chance to accumulate it below $0.30, I will gladly scoop it up.
Currently this looks like a Double Top forming, yet to be confirmed under $1.28.
That is a potential 80% drop from here so don't get chopped here.
Even if you wait for it to break below $1.28 you won't miss the big move.
Be wise, patience is the key.
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I'm very bullish on Render for the next bull run but I think it's cooked for now and it's going lower on the HTF.
If I get a chance to accumulate it below $0.30, I will gladly scoop it up.
Currently this looks like a Double Top forming, yet to be confirmed under $1.28.
That is a potential 80% drop from here so don't get chopped here.
Even if you wait for it to break below $1.28 you won't miss the big move.
Be wise, patience is the key.
Follow, like the idea and feel free to leave a comment.
Check out other ideas if you like this one.
Comment:
Price reached the red line in 2 days and it's currently trading below it. This is a big level and it won't crack easily imo.
Comment:
Price is trading under the red line so if you didn't short RNDR yet, now is the time to scale in.
Comment:
Price is still flerting around that red level, now in confluence with the white diagonal, breakdown from here would confirm my bearish thesis.
Decision time is close imo.
Decision time is close imo.