$RENDER – Approaching the Falling Trendline 👀

[theSignalyst]

RNDR has been trading inside a broad range with a support floor at $2.00–$3.00 and a major resistance area at $7.00–$8.00 (confluence with the descending trendline).

Price is currently consolidating above $3.00 after multiple weekly rejections from the lower blue zone.

As long as $3.00 holds, bulls can grind higher toward the falling red trendline around $7.00.
A clean weekly close above $7.00–$8.00 would signal a trend shift and open room for further upside.
Failure to hold $3.00 would keep $RNDR inside the range and could drag it back toward $2.00 support.

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr.