This short position has finally paid off. $RENDER has been pushed down from the highs, and the market’s response is very direct—this isn’t a slow grind; it’s a sell-off with pressure followed by a large, immediate burst of volume.



The reaction I was watching was around 2.0071. Back then, many people were still waiting for it to keep pushing higher, but what really drew my attention was that the relay/continuation above started to weaken. The pullback didn’t manage to regain stability, and the structure was clearly off. After entering the short, I didn’t act rashly. The key was whether it could keep breaking through the crucial levels.

Now the price is at 1.5536, and the profit is already at +1087.87%. The room in the chart has been released fairly decisively. For brothers with larger positions, at this level I’m more inclined to handle it in an 80/20 split—first take back control, and then use the protected level to watch for how the move extends. Don’t let the profits you’ve already locked in get shaken out by back-and-forth volatility.

If you didn’t get in, don’t get emotional just because it’s dipping. If you miss it, you miss it—don’t chase the trade; wait for the next more comfortable setup.

$BTC $ETH
RENDER1.36%
BTC1.68%
ETH0.35%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned