RAVE‌ Control coin indeed difficult to handle, only the final result returning to zero is certain, and the process is decided by the market maker, this morning after the first round of selling, I think if a second round of selling is to be carried out, it should pull back more than 10, and theoretically a qualified market maker would not only have one round of selling. Currently, the market is being pushed up quite quickly this afternoon, which has been verified immediately.

For the third average price increase, in order to compensate for the mistake of opening a short position at 1.4, I had to increase the position at 11.7, fortunately my judgment was correct, using high-level pressure, then I reduced the position at 11.1 to avoid heavy capital pressure, now although it has been pulled back again and I am temporarily trapped, I have already compensated for the loss and halved the position.

Actually, it’s quite risky, if I had misjudged by increasing the position at 11.7, it could have led to a mistake after mistake, its purpose was to make up for the early short at 1.4, but it directly violated the trading discipline that control coins should not easily hold heavy positions. Therefore, when it dropped to 10.90 in a short period, I immediately closed and reduced the position without hesitation, after halving the position, the final forced closing price was pushed from 50 to over 100, and after this wave adjustment, the position management can meet the requirement that the capital share of altcoins does not exceed 10%.

However, I will not declare victory prematurely, because before returning to zero, I am still in the game, the current thing to watch is whether the market maker can attract another large amount of short orders, if he succeeds, he can control the funding rate at -2%/1h fee, if such a situation occurs, I will change my strategy again.
In the past eight hours, the on-chain data has lost one-third of the positions, and I don’t know which big short traders were eaten by the market maker, if there are not enough short orders, even if the market maker wants to adjust the funding rate, it will be limited by the rules, the market maker should return to around 8 and range sideways to induce shorts, so I think I am still quite safe. $RAVE