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There are experts behind $RAVE —people who really understand market sentiment. First, they break below the issuance price to drain out spot liquidity; then they keep tight control of the spot order book. Next, they rapidly push the price higher so the market doesn’t dare to enter with spot. They begin by placing orders with the left hand and buying themselves with the right hand. They keep pushing the price up all the way, just to make the market bet on its top. As long as the short sellers get on board, they then keep running the squeeze/push—essentially eating up contract short positions. This kind of trading/manipulation technique is even simpler and easier to make money than constantly issuing new coins. As long as they push it high enough, contract traders will go crazy trying to guess the top. Even if there are spot-long buyers following along, don’t be afraid—they’re not earning money from the project team’s funds; they’re earning from the hedge/offset funds of the short side. There’s absolutely no pressure or burden from the pump. As long as they can control things and there isn’t a huge spot sell-off smashing the price, they can use one step to step on the other and keep pushing the price higher into the sky, exhausting the shorts until they’re wrecked. Where the top is located depends on how high the shorts are willing to fly. If the shorts don’t lift off, then they start to fall—crushing and strangling the people who were chasing buys in spot and the longs. It looks like the market is gambling with that dog-style market maker, but in reality the market maker plays a “borrow strength to strike” game—using the market to make it end up as dog biting dog. And this kind of “borrow strength to strike” can only be played on neutral platforms. Next time everyone launches a coin, you can all try playing it like this too. There are still a lot of people in the market who haven’t been “plucked” for value like this yet. #GatePreIPOs首发SpaceX