Render Token Flashed Bullish Crossover On The Daily Chart

The entire crypto market is pumping hard right now. However, it will be essential to trade the assets with the most significant potential based on technical indicators and chart setups.

might be one of them. The token flashed a bullish MACD crossover on the daily chart. This usually indicates the initiation of a bullish trend.

Nevertheless, you should be cautious when entering a trade. Here's why 👇

Currently, Render trades at $6.62. Based on the chart, the token faces a strong resistance at $7. Accordingly, you might want to wait until the token clears that line before entering a trade.

Alternatively, you can go for setup with a first take-profit at $7.

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Disclaimer: This post is no financial advice!! Please do your own research.