This drop didn’t come out of nowhere. The prior few failed pushes in front of $RAVE had already written the answer on the chart. Most people were still hesitating then, thinking it was just a normal pullback, but what I saw was that the high-level buy pressure was getting thinner and the bears started taking over the rhythm.



I started my short at 0.4506. Throughout the way it wasn’t smooth either—there were pullbacks and washouts. The most unsettling part was the seemingly stable stretch in the middle. The key point is this: a truly strong trend won’t have every rebound pushed back down every time. Now the price has reached 0.2774, and +942.56% has been realized—the room for volatility has opened up.

The most dangerous thing in this kind of market is to be greedy when you’re making money, and to refuse to accept losses when you’re down. My approach is simple: after profits are released, I deal with them in batches first, leaving a small portion to see whether it continues to push lower. At the same time, I trail my protective stop downward so I don’t hand the initiative back to the market.

If you didn’t catch it, don’t rush. Don’t chase the trade. Wait for the next opportunity, and make your move at a more comfortable position.

$BTC $ETH
RAVE0.77%
BTC1.77%
ETH0.63%
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