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$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