Post
--
#RAVE
Rave, the long position taken the day before yesterday near 0.28 has tripled; let's do a bullish logic review!
Firstly, in terms of structure, the entry position is basically at the breakthrough critical point of the lower consolidation zone, plus the previous manipulation by the whale, but there was no new high. Additionally, it can be considered a relatively new coin.
Secondly, another reason for the entry is the change in contract open interest; when entering, the contract open interest increased by about 20% in 30 minutes, and at that time, the contract open interest was basically on par with the market value!
The bullish target was originally set at 0.7, near the previous high, and upon waking up early, it directly reached 1.2; the tenfold increase mentioned yesterday seems promising!
Rave, the long position taken the day before yesterday near 0.28 has tripled; let's do a bullish logic review!
Firstly, in terms of structure, the entry position is basically at the breakthrough critical point of the lower consolidation zone, plus the previous manipulation by the whale, but there was no new high. Additionally, it can be considered a relatively new coin.
Secondly, another reason for the entry is the change in contract open interest; when entering, the contract open interest increased by about 20% in 30 minutes, and at that time, the contract open interest was basically on par with the market value!
The bullish target was originally set at 0.7, near the previous high, and upon waking up early, it directly reached 1.2; the tenfold increase mentioned yesterday seems promising!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.