【$RENDER Signal】Hold Cash and Wait — Weak Rebound in Downtrend, Lacking Bullish Structure

$RENDER In a long-term downtrend, a weak rebound is underway, with the price suppressed below the EMA20 (1.305). This is a typical bear market structure.

🎯Direction: Hold Cash (NoPosition)

Market Analysis: On the 4H chart, the price was resisted at 1.315 and then pulled back, with the current price at 1.288 just below EMA20. The order book depth shows a significant accumulation of sell orders (Asks) in the 1.29-1.30 range (total over 100,000), while buy orders (Bids) below are thick but distributed in a ladder pattern, indicating that major players are not strongly defending this level, mostly retail traders absorbing the orders.

Logical Core: RSI (43.82) is in the weak zone, not oversold. Funding rate (0.0002%) is near neutral, open interest (OI) remains stable, with no signs of short squeeze or major accumulation by large players. Market logic suggests “price decline,” and the buy/sell ratio (latest 0.46) shows selling pressure dominates. This is not a healthy reset but a potential continuation of decline after a weak rebound.

Key Levels: Strong resistance above at EMA20 (1.305) and the supply zone formed by the previous high of 1.315. Support is near the recent low of 1.233. Until the price effectively breaks through and stabilizes above 1.305 with increased volume, any rebound is an opportunity for bears to add positions or exit, not a bullish signal. Risk management core: current win rate is insufficient, profit/loss ratio is unclear, so hold cash and wait for a clearer structure.

Trade here 👇 $RENDER

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