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$RAVE First, give a warning to everyone still holding long positions and bottom-fishing longs:
There has been no movement or updates for so long, and RaveDAO's official Twitter even issued a statement saying they are "not responsible for recent price movements," completely shifting the blame. What signal is this?
It’s equivalent to the project team openly giving up on supporting the price, admitting they were manipulating and pumping the market before. Now that it’s not rising anymore, they just lie flat and give up, even too lazy to come up with a fallback explanation.
Looking at the chart: it can’t hold above 0.7, today it couldn’t even defend 0.6, support levels are breaking one after another, the bulls and bears are severely unbalanced, and the bulls have no capacity to absorb.
For such a coin that even the project team doesn’t care about, the decline has no bottom. If 0.6 breaks, the next stop is 0.5; if 0.5 can’t hold, it will directly head to 0.2.
Once the hype cools down, those still adding to longs are just giving money to the whales to take over. Don’t be fooled by a short-term rebound; once the trend turns bad, no one can save it.
Keep adding to short positions ⬇️#美国寻求战略比特币储备 #比特币ETF期权持仓限额增4倍 #美伊持续封锁:油价创四年新高 $BTC $DOGE