Long

Good trade and hold option

230
Render has hit many bullish points.

- hit support trend line
- tripple bottem at round number 2$
- hidden bulish divergens on 1D
- rsi daily oversold at 30

- overal sp500 and btc hit good support.
- good cpi news
- hawkish fed priced in

If sp can hold 4400 level, btc will hold 40k level and we should see a easy 1x to 2x in 10 days.

Tp1 : 3$ top of triangle
Tp2 : 4$ 2x after oversold
Tp3 : 5$ triangle brakeout to upside
Enter : 2$
Sl : 1,8$
1:5 RR

If sp cant hold 4400 level, expect BIG capitulation in all crypto, btc to 30k level or lower, rndr triangle brakeout to downside, this could push render to 0,8$-1$ level.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.