$RAVE ‌ This wave dropping from 19 is not at all a sign of topping out; it's a standard trap set by the whales to shake out weak hands and clear out the stops.

Currently, the market's long positions have already surpassed the short positions, and the whales' plan is crystal clear: first, they push the price up to blow out the shorts, then as retail investors chase after longs and long positions gain the upper hand, they suddenly reverse with a sharp decline, precisely wiping out the margin of long positions, clearing out all the hesitant chips that chased in at high levels.
This reduces the selling pressure for the subsequent rally, essentially paving the way for a new upward move.
Looking at the 4-hour chart, the medium-term moving averages are still steadily upward, and the major upward trend hasn't been broken; this wave is just a volume-contracted correction, not a volume-driven dump, the whales haven't run away.
After all, 96% of this coin's chips are locked up, completely under absolute control; the big whales decide everything, and the dump is just a shakeout, not genuine distribution.
My personal view is very clear: the follow-up will continue to be bullish, with the target directly above 22!
This correction is an opportunity for you to buy in at a lower price; don't get shaken out by the trap, hold your core position firmly, and after the whales finish shaking out the weak hands, a new major upward wave will begin. #Gate广场四月发帖挑战