I’m not at all surprised by this sudden sell-off just now. The earlier pattern with $RAVE —pumping higher but failing to continue—already looked very much like a bull trap. From the surface it still looks like it’s being pushed up, but in reality the support/continuation is getting weaker and weaker.

I’d already noticed this area earlier. What truly triggered me to act was the failed rebound around 0.5888: the price didn’t show the strength to keep pushing higher, and instead it ground through key levels one by one. Back then, many people were still unsure whether it was just a shakeout, but I was watching the rhythm—clearly the structure had changed. At that point, you can’t keep holding with a long-only mindset.

Now we’ve reached 0.2868. The short position’s profit shows +1256.91%, and the room for volatility has opened up nicely. I won’t get greedy and hold until the very end. For those with heavier positions, you can take profit in batches using an 80/20 split first; for the remainder, protect the position by trailing the stop. If the rebound strengthens again, close it in time—don’t wrestle with the chart.

This trade is about riding the follow-through after pressure builds at the highs—not impulsive, emotional rushing. If you didn’t enter, don’t chase a short. Wait for the next confirmed signal, and wait for a more comfortable entry level.

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