$RAVE This wave is a typical sharp drop after a high sell-off. The following operations of the 'dog dealer' are very clear:

1. Current situation: From 28.3 to the lowest point of 8.88, currently weakly rebounding around 12, with daily, 4-hour, and 1-hour charts all in a bearish arrangement, and the downtrend has been established. The liquidation map shows that there is a dense liquidation of long positions in the 12.3-14.5 range above, while the 8.9-10 range below has a liquidation of short positions. The current price is stuck in the middle, which is a typical position for both bulls and bears to be killed.
2. Subsequent operations of the 'dog dealer': In the short term, it is highly probable that there will be fluctuations in the 11-13 range to lure in long positions, using weak rebounds to attract bottom-fishing funds to接盘, testing the selling pressure above. Once the following orders are insufficient, it will directly break the support at 10, retesting the low point of 8.88, and may even initiate a second downward probe.
The current rebound is a continuation of the downtrend, not a reversal. The goal of the 'dog dealer' is to clear out the long positions that bought at high levels, and the main focus moving forward will be on continued downward movement after fluctuations. It is not recommended to bottom fish.#GatePreIPOsLaunchesWithSpaceX