Someone asked Long Ge: Long Ge, what do you think of $RAVE ?
Long Ge really has no opinion on this coin
This type of coin that relies purely on emotions for trading has already passed its era of dividends
Now when it rises, to put it bluntly, it’s just looking for more people to buy in at a higher price
If you want to play with this, I suggest being cautious and doing some swing trading, definitely don’t chase the highs
Looking at this coin, the core points are three:
First, it’s too hot. Just a few days after going online, it can double in a day, and everyone is scrambling to go long; the hype has already exploded
Second, it’s a bit expensive. There are so many people going long that they have to pay funding fees, it’s basically just a hype group, the rise feels a bit hollow, and at the slightest disturbance, it’s most likely to crash and force people to cut losses
Third, don’t be fooled by the retail investors and small traders buying; the real big funds have placed bets on both sides, it’s not one-sided at all, they are also waiting for direction
If we compare this surge to a party, right now it’s the retail investors who are celebrating
But the music can stop at any moment, and it can change tune at any time
At this point, if you still want to play, you must enter and exit quickly, and manage your stop-loss well
Entering the market now is not really an investment, it's pure speculation
If you want to get the safest profit, you have to learn to patiently wait for opportunities
Next, I am preparing to layout some altcoins; those who want to join can come
