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The decline in $RAVE this time was quite clean, but the process wasn't easy. There were several bounces during the session, which looked like they were trying to shake out the shorts. To be honest, moments like those are the real test. Many people lose here — not because the direction was wrong, but because they got tossed around and lost patience.
The level I was watching was around 0.3832. At that time, the price had been struggling to push higher from the top, order flow was getting sluggish, and quite a few people were still chasing longs. The real shift came after the bounce — instead of making a new high, the price was quickly pushed back down. That was a red flag.
Later, it dropped to 0.2815, with a return of +651.44%. This trade basically played out the logic of resistance at the high. Not every call goes this smoothly; I hesitated at times too, but I didn't let a single bounce override my earlier judgment.
For now, I don't want to chase the full move — just lock in the results first. It's easiest to get carried away when making money on shorts. The smoother things go, the slower you need to be. Wait for the next clear signal before acting again.
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