The key high-level level I had been watching finally gave the answer today. This $RAVE move didn’t suddenly weaken—it had already been showing fatigue for a while, but many people were fooled by the pullback.

What I was focused on at the time was the pressure-reaction around 0.3832. Every time the price went up, it didn’t have continuity. The buy-side looked lively, but the actual push was weak. After the short was opened, the most critical change was that the key levels kept getting refreshed, while the rebound highs kept getting lower and lower. Once this kind of structure appeared, the direction was basically clear.

Now the market is pushing to 0.3114, and the unrealized position profit is +459.46%. The extension is obvious—this leg for the shorts has really been captured. I won’t keep getting carried away here. I’ll take 80% of the profit off the table first, and use the other 20% to hold while guarding with the protective level(s), to see whether it can release another run.

The biggest fear in trading is being right but not being able to hold it, and also being able to hold it but not knowing how to take profits. Don’t rush if you missed it—don’t chase the trade. Wait for a more comfortable position, then move.

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