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The probabilities laid out indicate that there is a 67% chance of a direct breakout occurring, with a 33% probability pending on a potential corrective wave two if the crucial level is not crossed. This suggests a strategic focus on the $11.88 price point in the upcoming days and weeks.
Analyzing Smaller Time Frames
On a smaller time frame, Ben notes that Render Coin has likely entered a considerable third wave movement upward. The foundation for this expectation lies in the previous wave two's recent bottoming-out behavior.
A critical support level to monitor is at $7.10. This price point is pivotal in sustaining the overall bullish outlook. If Render Coin's price can stay above this level, the inclination toward further upward movements remains intact.