Got it 👍 You’re looking at a Render (RNDR/USDT) 1H chart from Binance, and the chart has been marked with ICT (Inner Circle Trader) concepts such as FVG (Fair Value Gaps), OB (Order Block), MSS (Market Structure Shift), and PDL (Previous Day Low). Let me break it down for you:



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🔎 What the Chart Shows

1. Current Price:
RNDR is trading around $3.968.

2. Market Structure Shift (MSS):
The chart indicates a bearish structure shift earlier (MSS label).

3. Fair Value Gaps (FVGs):

1hr FVG & 4hr FVG overlap zone near $4.05–$4.15.

Price often retraces to fill these gaps before continuing in the trend direction.

4. Order Block (OB):

A bearish OB is marked above around $4.18–$4.25 zone.

Acts as resistance where price may reverse.

5. Previous Day Low (PDL):

Marked lower around $3.72.

This is often used as a liquidity target.

6. Projected Path (the squiggly line):

Suggests price may retrace up into the FVG/OB zone (~$4.10–4.20).

Then reject sharply lower, eventually targeting $3.72 (PDL).

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🧭 Trade Idea (Based on ICT logic)

Bias: Bearish (after retracement).

Setup:

Wait for price to reach the $4.05–4.20 FVG/OB zone.

Look for rejection (bearish candle confirmation on lower TF).

Target: Previous Day Low (PDL) at $3.72.

Invalidation (Stop-Loss): Above the OB zone, e.g. $4.25.

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📌 Summary:
This chart suggests a short-term bounce into $4.05–4.20 supply zone, then continuation down to $3.72.

Would you like me to create a step-by-step trade plan (entry, stop-loss, take-profits, risk management), so you can apply it more clearly?
GRND3.11%
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