【$RENDER Signal】1H level rebound confirmation, pullback to EMA20 for long game and short squeeze

$RENDER The 1H level formed a double bottom around 1.425, and is now attempting to stabilize above EMA20 (1.4444), indicating a short-term momentum return. Although the 4H level remains in a downtrend channel, the latest candlestick closed bullish with stable open interest, suggesting the exhaustion of bearish forces and a potential rebound through short squeeze (negative funding rate + strong price support).

🎯Direction: Long (Long)

🎯Entry/Order: 1.444 - 1.448 (pullback to 1H EMA20 area)

🛑Stop Loss: 1.425 (below the double bottom structure)

🚀Target 1: 1.485 (previous high on 4H level and EMA20 resistance)

🚀Target 2: 1.515 (resistance at daily downtrend line)

🛡️Trade Management:

- Position suggestion: Light position (Reason: 4H trend not fully reversed, a counter-trend rebound game)

- Execution strategy: After reaching 1.485, reduce position by 50% and move stop loss up to entry level 1.444. The remaining position aims for Target 2. If the price breaks below 1H EMA20 (1.444) and closes below, exit early.

Deep logic: Funding rate is -0.0027%, which is negative, but open interest remains stable and not decreasing. The price quickly rebounded after decline, indicating a typical short squeeze precursor. The 1H RSI (52.86) has exited the weak zone, and buy depth in the 1.44-1.43 range is unusually thick (over 200,000 buy orders), forming strong support. Combined with order book imbalance of 14.54% leaning towards selling pressure, but the price does not fall, indicating major players are supporting the price and accumulating at the bottom.

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