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$RENDER This move isn’t a sudden drop—it's just that the high level has been unable to hold for a while; it’s only that many people have kept refusing to admit it. The real change usually isn’t when the big red candle prints—it’s when the retracement starts to weaken.
When I watched RENDER, the price started around 2.0071. After several consecutive attempts to push higher, there still wasn’t any effective continuation. The order book made it feel like someone was pressing down and selling from above. This was already off, especially as the rebound height kept getting smaller, while the pullback became more and more decisive—clearly shifting the rhythm from pumping to distributing.
Now it’s hit 1.5336; the short position profit is +1137.3%. The trading range in this leg has been released very clearly. The easiest place to make a mistake is doubting yourself before the drop, then after the drop not being willing to leave, and in the end letting your profit ride a roller coaster.
On my side, I’ll first do an 80/20 staged approach: keep the main profit, and use the remaining smaller position with a protection level to follow along so that gains don’t retrace too much. For the short term, don’t get impulsive just because of one bearish candle—if you miss it, you miss it. I won’t chase here; I’ll wait for the next spot with stronger certainty.
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