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This short position finally paid off. It wasn’t luck — the charts were already showing signs when the price faced strong resistance at the top. When $RENDER failed to push higher earlier, many were still waiting for a continued rally. I wasn’t just watching the excitement — I saw that every pullback above was being suppressed, and the structure had clearly changed.
The short from 2.0071 to the current 1.5445 has yielded +1112.11%. The space for this wave was released very cleanly. What really caught my attention was that after the price broke through the key level, there was no decent rebound — meaning those chasing longs started to get trapped, and the bears took over the rhythm.
If you’re holding a position now, don’t get too carried away. I’ll handle it in an 80/20 split — take some profits first, and let the remaining portion ride with a protective stop to see if it extends further. The profit is already out; what I fear most isn’t making less, but letting the drawdown disrupt the rhythm.
If you’re not in yet, don’t chase shorts. The current level is no longer the most comfortable entry point. Wait for the next failed rebound or for the structure to give a new signal.
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