【$RENDER Signal】Long - 1H pullback confirmation, 4H trendline support for rebound

$RENDER The 1H timeframe is oscillating around the critical EMA moving averages, with the price pulling back to 1.418 (1H EMA50/4H EMA20) for initial support. The 4H timeframe is in a rebound structure after hitting the lower band of the downtrend channel. Currently, the 1H candlestick closes above EMA20, RSI 52 indicates a neutral to slightly bullish sentiment, a typical pullback confirmation pattern. Open interest remains stable, the price is declining but without causing a collapse in open positions, indicating not a main force liquidation but more like a shakeout. The order book shows heavy buy orders in the 1.41-1.405 range, with strong support below.

🎯 Direction: Long (Long)

🎯 Entry/Order: 1.415 - 1.418 ( Reason: Pullback to the resonance support zone of 1H EMA50 and 4H EMA20, with dense buy orders in the order book )

🛑 Stop-loss: 1.398 ( Reason: Break below the previous 4H candlestick's low and ATR lower band )

🚀 Target 1: 1.442 ( Reason: Previous high resistance level, also the previous wave high on the 1H timeframe )

🚀 Target 2: 1.465 ( Reason: 4H Fibonacci 0.618 retracement level and potential breakout of the downtrend line )

🛡️ Trading management:

- Position size suggestion: Light position ( Reason: The 4H chart is still in a consolidation and downward channel, this is a rebound game against the small trend in the larger trend )

- Execution strategy: After entering, if the price quickly rises to reach 1.432 (near the previous 1H high), move the stop-loss up to the entry price of 1.418. Upon reaching target 1, reduce position by 50%, and move the remaining stop-loss up to 1.432 to aim for target 2.

Deep logic: After rebounding from the low of 1.404, the 1H timeframe has formed a higher low. Although the latest 1H buy order ratio is only 43%, the price has not dropped significantly, indicating limited selling pressure. Technically, the 1H RSI (52) is higher than the 4H RSI (48.45), showing a short-term bullish signal stronger than the long-term. The depth imbalance of 18.27% indicates heavier sell orders, but buy orders below 1.41 are unusually solid, suggesting main force support. Combined with a positive funding rate, this is a typical pullback opportunity to add longs.

View real-time market 👇 $RENDER

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