Technical analysis by ULYSSESTRADER about Symbol RENDER: Buy recommendation (10/16/2025)

1. Chart Context Pair: RNDR/USDT Timeframe: 1h Current Price: ≈ 2.737 USDT Market has recently consolidated after a decline and is showing support holding near the 2.65–2.70 zone. 2. Trade Setup This is a long position (betting on price going higher). The green/red box represents the risk/reward structure: Entry Zone: ~2.73–2.74 USDT (current price, near support). Stop Loss (SL): 2.587 USDT (bottom of the red box). If price falls below this, the setup is invalidated. Take Profit (TP): 3.066 USDT (top of the green box). Target is a move back toward recent resistance near 3.05+. 3. Risk/Reward Ratio Risk (SL distance): ~0.15 USDT Reward (TP distance): ~0.33 USDT R:R ratio ≈ 2.2:1 This is a strong setup with more than double the potential reward versus risk. 4. Support & Resistance Support Zone: 2.65–2.70 (highlighted grey area below entry). Price has bounced here multiple times. Resistance Zone: 3.05–3.10 (upper target zone). Price may stall or reverse here.