This short position finally paid off. $RENDER was pushed down from the highs—the pace was even more decisive than I expected.

At the time, I wasn’t focused on a single bearish candle. What I noticed was that price kept failing to move up: the successive breakouts couldn’t get traction, and each pullback was weaker than the last. A lot of people were still waiting for a breakout, but I felt something was already off here. After getting a fill around 2.0071, I entered the short. What truly confirmed it for me was that it couldn’t pull back up—buyers couldn’t step in and absorb the bids.

Now the price is at 1.5308, with unrealized profit of +1142.82%. This leg of the market’s downside space has been released very clearly. The shorts didn’t suddenly win—after bearing pressure at the highs, capital started giving up on forcing a hard push.

For brothers with positions, I think handling it in an 80/20 staged approach feels better: take most of the profit off the table first, and keep a smaller portion with a protective stop to watch for further extension. Don’t get carried away just because you’re in profit—perpetuals are most afraid of making money and then giving it back.

If you haven’t gotten in, don’t chase the short. This level is no longer the most comfortable entry point—wait for the next failed pullback to look for an opportunity.

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