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Brothers, RAVE has been very popular lately! But I can only say that I saw through it a long time ago! Right now, this thing is just a scam coin controlled purely by funds.
Rising from 0.3U to 6.2U in three days is all hype, with no new real developments in the project, plus regulatory pressure, the risk is already maxed out, and this is not a normal market.
Technically, there is a high-level divergence, overbought indicators, and the bulls are clearly losing strength. 6.2U is a strong resistance, support levels are around 4.8-5.2U; for those holding, take partial profits in stages, and cut losses if it breaks below 4.8U. If you didn't get in, don't chase the high; wait for a pullback to 3.8-4.2U to stabilize before entering with a small position for quick in and out.
This coin is just hype driven by funds, with no real value backing it. Keep your position light, don't gamble your life savings, protecting your principal is the most important! #Gate上线Pre-IPOs