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$RAVE Yesterday, Qianqian had a light bite, and we’re still in the middle of the current rally—it's not over yet. A real big fish hasn’t been caught yet! Referring to the previous STO wave, it was only after a whale was liquidated for $7 million that the waterfall-style selloff truly kicked in. This time, RAVE’s waterfall position will very likely also appear only after the big fish hooked is liquidated.
So brothers who are going long right now must set your stop-losses and hold your positions steadily—but under no circumstances should you blindly short at this stage! Short positions can easily be blown up in an instant. At least wait for it to first poke out a clear long wick, or wait until you see signals like the funding rate turning clearly negative, or trading volume shrinking significantly. In this phase where this extreme degen coin pumps up to high levels, once it starts dumping, it’s very likely that one single candlestick will drop by more than 50%, leaving almost no chance to escape!#Gate广场四月发帖挑战