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【$RENDER Signal】Short position + decline accompanied by abnormal open interest
$RENDER Price drops by 5%, but open interest (OI) reaches 8.87 million, indicating that it is not simply a long liquidation, but suggests the presence of main players offloading. Market logic warns to stay alert.
🎯Direction: Short
The current market shows falling prices with increasing volume, and open interest remains high. This is a typical weak signal. The price action indicates sustained selling pressure, with no effective buying absorption. Until open interest shows a significant decline (meaning longs have not fully surrendered or shorts have not taken profits), the price cannot be considered stabilized.
Trade 👇 $RENDER
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