This empty order finally came to fruition. When $RENDER was pushed down from a high level, the order book looked very straightforward.

The core of what I was watching wasn’t to chase the dip—it was the repeated inability to break through above. After opening a short around 2.0071, what truly confirmed it for me was that the rebound lacked strength. The bids looked lively, but in reality the support kept getting thinner. A lot of people were still waiting for it to keep pulling up at the time; I, on the other hand, felt something was already off here—the structure had clearly changed.

Now the price has reached 1.5136, and the unrealized profit is already +1184.09%. The upside room has been released pretty smoothly. For brothers with larger positions, I personally would lean toward handling it with an 80/20 approach: first take off most of the profit, then keep a smaller position with a protection level to continue monitoring for further extension—so that the gains you’ve taken aren’t given back to you by a rebound.

The biggest thing to fear in a spot like this is letting emotions run the show. Once it drops, that’s when people start chasing—and the risk actually increases. If you didn’t follow the rhythm around 2.0071, don’t force the trade either—don’t chase the order or chase the short; wait for the next time there’s a more comfortable position.

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