Technical analysis by davidjulien369 about Symbol RENDER: Buy recommendation (10/4/2025)

Trade Journal Entry Pair: RENDERUSDT.P Trade Type: Buyside trade Date: Saturday 4th October 2025 Time: 8:00 am Session: London to New York Session AM Entry Details Entry: 3.492 Profit Level: 3.933 (+12.63%) Stop Level: 3.432 (–1.72%) Risk–Reward (RR): 7.35 Technical Confluence Market Structure: The previous downtrend is transitioning into a potential accumulation structure. Low sweep confirmed below prior swing → entry taken from the breaker block after liquidity grab. Price retested the Fair Value Gap (FVG) and 50 EMA confluence zone, suggesting institutional reaccumulation. Indicators: WMA & EMA crossover hinting at bullish momentum shift. Volume increase following the low sweep supports the breakout narrative. Zones of Interest: Breaker Block (3.45–3.50) acted as demand. Supply Level: 3.933 aligns with a higher timeframe FVG imbalance fill. Wyckoff / ICT Narrative Accumulation Phase: Noted consolidation between Sept 25–28 with clear signs of absorption at lows. Spring / Low Sweep: Price broke below range support, then quickly reclaimed, confirming Spring phase. Break of Structure (BOS): The price has breached the previous swing high, confirming a shift to buyside delivery. Mitigation & Entry: Entry aligned with retest of demand zone + FVG overlap. Execution Narrative After several sessions of consolidation and distribution lower, the market engineered liquidity beneath the prior lows before reversing sharply. The breaker block + FVG + EMA/WMA confluence provided the refined entry. Bias confirmed by structure shift on H1 and LND–NY session crossover momentum.