2026-01-09 21:21:01

RENDER's recent rally looks fierce, but it's all just tricks behind the scenes. It surged to 2.450 then turned around, and now it has fallen to 2.283, breaking through the MA5 support line (2.300). Although it is still above the MA10 and MA20, the RSI(6) has already surged to 51.071, approaching the ceiling of the strong zone. More importantly, the MACD histogram is narrowing, and the DIF has just crossed above the DEA, indicating that the upward momentum is already waning. The main force's method of pushing prices up to unload is too obvious.

The current price of 2.283 presents an opportunity to go short directly, with the stop-loss set above the previous high at 2.450. The first target is 2.115 (the lowest in 24 hours), and if it breaks, continue to watch the previous low at 2.065. Trend traders can hold firmly, but short-term traders should consider taking profits in stages at support levels. Don't wait for the main force to reverse and dump the price, or you could be trapped when the key support is broken.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
6
Repost
Share

Comment

0/400

WhaleInTraining

· 16h ago

The main force's tactics are indeed old-fashioned, still playing the game of dumping at high levels --- Even if MA5 breaks, they still want to push up? Laughing to death, this is just a trap to lure more buyers --- I'm also considering shorting at 2.283, just worried about a sudden rebound smashing in --- RSI is almost overbought, signs of exhausted momentum are too obvious --- Breaking 2.115 shouldn't be difficult, the key is not to be cut by the main force --- I don't believe it can be pushed back this time; the tricks are played out --- Short-term traders should really take profits now, don't be greedy --- When the MACD red bars narrow, it's usually a sign of distribution, no problem --- Setting a stop loss at 2.450 is a good point, risk control is decent

View OriginalReply0

GateUser-e19e9c10

· 01-09 21:49

It's the same trick again. The main force is selling off aggressively. I almost got in and got trapped just now. Luckily, I didn't rush in.

View OriginalReply0

Layer2Arbitrageur

· 01-09 21:46

lmao the RSI math checks out but you're missing the real play here - that DIF crossover is literally textbook MEV bait. watched this exact pattern get front-runned 4 times last month. if you're not accounting for flash loan pressure on the order flow, you're leaving basis points on the table fr fr

Reply0

SchrodingerGas

· 01-09 21:42

Tsk, it's the same old script of the main force pumping and dumping. The RSI is almost hitting the top, and the red bars are narrowing. This signal is indeed promising. But I think about shorting at 2.283... I need to first calculate whether the transaction costs are worth it.

View OriginalReply0

MoneyBurner

· 01-09 21:41

Are they trying to push the price up again to sell off? I'm just confused—Is RENDER truly breaking out this time or are they just trying to harvest more retail investors? Even with the MA5 broken, can it still turn around? But on the other hand, shorting at 2.283 does sound a bit interesting, I'm just worried that the main force might reverse and break through immediately... Forget it, I'll wait and see if I can find some real clues from on-chain data before making a decision.

View OriginalReply0