๐ $RENDER SHORT SETUP โ SCALP TRADE ALERT ๐จ
$RENDER made a strong push up from the lower range, but failed to hold above the key resistance at 1.59โ1.60 โ
Price faced multiple rejections in that zone and then started moving sideways with weak candles and fading momentum ๐ฏ๏ธ๐ฎโ๐จ
โ ๏ธ This price action suggests buyer exhaustion near resistance
What weโre seeing looks more like distribution after a pump, not a clean breakout ๐ฆ๐
As long as price remains capped below the recent highs, sellers stay in control ๐ป
๐ฏ Trade Setup: SHORT $RENDER
๐ป Entry Zone: 1.56 โ 1.60
๐ Stop Loss: 1.63
๐ฏ TP1: 1.50
๐ฏ TP2: 1.44
๐ Potential: 100% to 500% (with leverage) ๐ฅ
โก Trade Plan & Risk Management
โฑ๏ธ This is a SCALP TRADE
โ๏ธ Use 20x โ 50x leverage
๐ผ Risk only 1% โ 5% margin
๐ฐ Book partial profits at TP1
๐ Move stop-loss to entry after TP1 to secure the trade
๐ง Stay disciplined.
๐ Trade the structure, not the hype.
โก Quick moves, clean execution.
#RenderNetwork #BitcoinETFWatch #PreciousMetalsTurbulence #WhenWillBTCRebound
