Regarding $RAVE's recent performance, many people interpret its listing on a major mainstream exchange as a sign of distribution, but from a technical perspective, the situation may not be so.
On the 4-hour chart, after a spike, the red candlesticks have indeed diminished, but this is usually a normal shakeout process. More notably, both the 15-minute and daily charts are in a consolidation phase, and the upward space on the daily chart still looks quite sufficient. From a capital flow perspective, the rise in large account short positions and the decrease in holding volume precisely reflect a common tactic of the main players—collecting chips through induced short squeezes to clear out floating positions, paving the way for subsequent market movements.
If you are optimistic about the potential for a breakout, you might consider gradually building long positions around the 0.4 area, while setting a stop-loss below 0.35 to handle extreme cases. Technically, the first target can be around 0.48; if a smooth breakthrough occurs, 0.51 becomes the next observation point. Of course, any trading decision should be based on your own risk tolerance—blind following is never a wise move.
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quietly_staking
· 8h ago
The old trick of trapping and shaking out traders, someone always falls for it. Whether RAVE can break 0.48 this time depends on the determination of the main players.
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CryingOldWallet
· 8h ago
It's another trap to lure and shake out traders. I'm tired of this routine, but the 0.4 level definitely warrants some attention.
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NftBankruptcyClub
· 8h ago
I've been playing this trap of inducing short squeezes for so many years, and it's still so effective. I don't believe you at all.
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LiquidatedThrice
· 8h ago
The trap and shakeout pattern is back again. If it breaks below 0.35, just exit immediately.
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SeeYouInFourYears
· 8h ago
Yeah, this kind of trap is really old news, but I still trust the technical analysis more.
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0.4 is not really a support level, feels like we should wait a bit longer.
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The main force is clearing out floating positions, in plain terms, they want retail investors to cut losses. Still, it depends on the trading volume.
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Daily chart is gathering strength? Feels like this phrase is overused in the crypto world. Every time it's said, the price just drops afterward.
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Just make staggered entries; anyway, I don't expect this to go crazy bullish.
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A 0.35 stop-loss might be a bit high; small coins like this can have big swings that eat into your profits.
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Is the exchange listing and dumping? That seems unlikely; usually, a listing is considered good news. This logic feels inverted.
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The key is whether there's volume afterward. Without volume, everything is pointless.
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GateUser-0717ab66
· 8h ago
I've seen this trap of trapping and shaking out before; it all depends on whether the main force is truly accumulating strength.
Wait, can it really break 0.48? It feels a bit uncertain.
Set your stop-loss at 0.35; anyway, you won't lose too much.
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Blockwatcher9000
· 9h ago
How many times has the trick of trapping and clearing out chips been played? Every time they say it's about accumulating strength, but what's the result?
Regarding $RAVE's recent performance, many people interpret its listing on a major mainstream exchange as a sign of distribution, but from a technical perspective, the situation may not be so.
On the 4-hour chart, after a spike, the red candlesticks have indeed diminished, but this is usually a normal shakeout process. More notably, both the 15-minute and daily charts are in a consolidation phase, and the upward space on the daily chart still looks quite sufficient. From a capital flow perspective, the rise in large account short positions and the decrease in holding volume precisely reflect a common tactic of the main players—collecting chips through induced short squeezes to clear out floating positions, paving the way for subsequent market movements.
If you are optimistic about the potential for a breakout, you might consider gradually building long positions around the 0.4 area, while setting a stop-loss below 0.35 to handle extreme cases. Technically, the first target can be around 0.48; if a smooth breakthrough occurs, 0.51 becomes the next observation point. Of course, any trading decision should be based on your own risk tolerance—blind following is never a wise move.