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$RAVE The bustling scene has faded! Active buying has dropped to zero, and 100 million contracts are about to wipe out the market? 📉
Don’t be fooled by the false sideways movement around 8.8! Look at the market data: active buying is actually zero, while active selling is疯狂出货. What does this mean? It indicates that the main force is quietly pulling back, leaving only retail investors fighting each other.
The converging triangle is nearing its end, and the critical 8.84 support line is teetering. The bearish forces above have been worn down almost completely, and the most cost-effective move for the main force now is to harvest that 100 million USD of open contracts downward! Once the 8.8 support is broken, the liquidation zone below will trigger a stampede, instantly dropping back to 8.0 or even lower.
Trading strategy:
Sell short at the current price of 8.88, with a stop loss at 9.3, targeting the 8.0 level.
This is the final escape wave—don’t become the one standing guard before the waterfall arrives! 🔥
Take a guess, #Gate广场四月发帖挑战