Pig Rich
Pig Rich
Content crypto
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$RAVE today clearly shows that it is in a cooling phase after a very hot rally. The price has been running strong for many consecutive days, so currently, buying pressure is starting to weaken, a noticeable sign is that the volume is no longer maintained and there are signs of wicks appearing.
With futures, this is no longer a good area to chase long. It is highly likely that the market will need a correction to reset the leverage. A likely scenario is that the price gets rejected at the upper range and turns back to lower support areas.
The short position has an advantage if the price cannot hold the high range and shows weakening signals. Conversely, long should only be considered when there is a truly strong breakout accompanied by clear volume; otherwise, it is very easy to get caught in a bull trap.
In summary, this is a type of coin that runs on hype, so it is very volatile; futures at this time should prioritize trading based on price reactions rather than guessing tops and bottoms. Anyone who enters at the wrong time can easily get swept out on both ends.