$RENDER Liquidated Short: $75K at $7.400
A $75K short position in $RENDER was liquidated at $7.400 as the price surged unexpectedly.
Despite a bearish outlook, the market turned against the position, forcing a rapid exit.
Entry Point: The short was entered at $7.400, with expectations of a downward price movement based on market conditions.
Target: Traders aimed for a decline toward $7.00, anticipating a strong pullback.
Stop Loss: The stop loss was placed at $7.50, but the sharp price increase hit this level, triggering the liquidation before the trade could recover.
In crypto, volatility is key—always be ready for fast market shifts!