This sell-off looks like a typical "sweep then dump." The fakeout at $RAVE 's high was too obvious; if you react slowly, it's easy to get swept up by emotion.

At that time, the price was repeatedly pulling back around 0.5888. On the surface, there was still a push upward, but I was watching the buying support. Once the active buying orders above weakened and the resting orders below were taken out, the structure became problematic. Many thought it was just normal consolidation, and that's the key point—the end of consolidation is when direction is most likely to break out.

Now, 0.2749 has given the result: short position +1307.3%. The range expansion was clean. The reason this position could be held is not because of guts, but because the pullback after the earlier breakdown never reclaimed that level, so the bearish rhythm was never lost.

If you have profits, don't ignore them. Handling in batches of 80/20 is more comfortable, and lock in the rhythm with a stop-loss on the remaining position. If it continues to push lower, follow; if the pullback is too sharp, take profits first. If you missed the entry, don't chase—wait for the next confirmed setup.

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