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This empty (short) order finally played out. The move where $RENDER was pushed down from the high point made a lot of people wonder whether it was a fake drop, but what I saw wasn’t one single bearish candle—it was the pressure feeling after an inability to keep pushing upward with consecutive attempts failing.
RENDER opened around 2.0071. What truly caught my attention was that the rebound strength kept getting weaker—every time the bulls tried to lift it, they were pushed back down. The structure here was already off. Now the price is at 1.5644, with an unrealized profit of +1066.76%. This leg of market movement has released its upside space very directly.
Holding the short to this level isn’t about guessing—it’s about waiting for it to show its weakness on its own. The part where the high repeatedly tricks long positions is the easiest to soften people’s resolve. A lot of people, seeing the bounce, get impatient and change direction, and then they end up getting carried away by the rhythm at just the wrong time.
For my side, I’ll handle it in batches with an 80/20 split: lock in part of the profits first, and keep the remainder with protection in place while watching for further extension. If you haven’t entered, don’t chase a short—this level has already moved past. Wait for the next rebound to get a more comfortable entry point before acting.
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