$RAVE Short Now!
The recent market is clearly weakening, having gone through a significant pullback. Currently, we are in a stage of oversold recovery, but the bears still dominate the chart.
The price rebound lacks momentum, with heavy overhead resistance from trapped positions. Each slight bounce faces selling pressure, and the willingness for funds to flow back is low, continuing the trend of subtle downward fluctuations.
In terms of strategy, we should go with the trend and prioritize high short opportunities. If a short-term rebound hits key resistance levels and struggles to break through, it’s time to set up a short position. Only when we see a clear stabilization signal after extreme overselling should we consider taking a small long position for a rebound.
Focus on the resistance zone between 1.20-1.50 above, and keep an eye on support at 0.70-0.80 below. If we break down, look for the 0.50 line. Such low-cap coins have poor liquidity and strong manipulation, making price movements highly uncertain. Be sure to strictly manage your position size, set take-profit and stop-loss levels, and trade cautiously.
The recent market is clearly weakening, having gone through a significant pullback. Currently, we are in a stage of oversold recovery, but the bears still dominate the chart.
The price rebound lacks momentum, with heavy overhead resistance from trapped positions. Each slight bounce faces selling pressure, and the willingness for funds to flow back is low, continuing the trend of subtle downward fluctuations.
In terms of strategy, we should go with the trend and prioritize high short opportunities. If a short-term rebound hits key resistance levels and struggles to break through, it’s time to set up a short position. Only when we see a clear stabilization signal after extreme overselling should we consider taking a small long position for a rebound.
Focus on the resistance zone between 1.20-1.50 above, and keep an eye on support at 0.70-0.80 below. If we break down, look for the 0.50 line. Such low-cap coins have poor liquidity and strong manipulation, making price movements highly uncertain. Be sure to strictly manage your position size, set take-profit and stop-loss levels, and trade cautiously.