The key $RAVE level I was watching earlier finally delivered an answer today. This kind of downside pull-through—cashing in on the drop—is more valuable than simply guessing the direction.



Back then, the most obvious change on the order book was that every time it spiked up, someone would sell it off. The closer the price got to the upside, the weaker the active bids became. A lot of people were still waiting for a breakout, but I instead focused on the pullback after failure. After opening a short position around 0.4506, the core question was whether it could drop through the short-term buy support.

Now the price has already come to 0.2838, and the return is +907.73%. The extension of the move is clear—this isn’t just ordinary sideways action; it’s room being released after pressure at the highs. To put it bluntly, once the direction becomes clear, the hesitant people start looking for reasons. Traders can only follow what the chart is showing.

Over here, I’m taking profit in batches: I’ll take 80% to lock in gains, and keep the remaining 20% with a protective stop to continue monitoring. Don’t let yourself get out of control because of one profitable trade, and don’t chase a short just because you missed it. There are always market opportunities—wait for the next more comfortable entry.

$BTC $ETH
RAVE-8.87%
BTC-0.68%
ETH-0.83%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned