BCH

BCH recently broke below a four-month ascending channel but rebounded, with prices gradually forming a head-and-shoulders top pattern. While not perfect, the consecutive breakdown of two patterns suggests waning bullish momentum. A medium-term correction may follow, presenting a shorting opportunity for investors.

Entry range: $570–$580, in the high-volume trading zone. Take-profit targets: $520, $491, $482, $470 in batches. Stop-loss: $590–$608.1, based on individual risk tolerance. 

Reference Levels: 

• Direction: Short 

• Entry: $570–$580 

• Take-Profit: $520 / $491 / $482 / $470 

• Stop-Loss: $590–$608.1

LDO

LDO recently broke out of a trading range, forming a small flag pattern, indicating potential continuation of the prior uptrend. Volume and price show a healthy price-rise-volume-increase relationship, boosting bullish confidence. As of writing, the price is $1.255, aligning with the Fibonacci 0.5 level, flag pattern lower boundary, and previous low. Investors can buy spot or enter long positions. Take-profit targets: $1.729, $2, $2.4 in batches. Stop-loss: $1.192–$1.224, based on individual risk tolerance. 

Reference Levels: 

• Direction: Long 

• Entry: $1.255 (market price) 

• Take-Profit: $1.729 / $2 / $2.4 

• Stop-Loss: $1.192–$1.224

RENDER

RENDER recently broke below a triangle but found support at $3.398 and rebounded, only to face resistance at the triangle’s lower boundary and pull back. The price recently found support again at $3.35, near the previous low, and rebounded. It may test resistance again, offering a shorting opportunity.

As of writing, the price is $3.7. Investors can short at this level or place a short order at $3.73 (around Fibonacci 0.618). Take-profit targets: $3.1, $3, $2.79 in batches. Stop-loss: Above the previous high at $3.95. 

Reference Levels: 

• Direction: Short 

• Entry: $3.7 (market price)–$3.73 

• Take-Profit: $3.1 / $3 / $2.79 

• Stop-Loss: $3.95

Disclaimer: None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.