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$RAVE Brother Kai's operational strategy sharing:
The current funding rate is positive but extremely small, indicating that the market sentiment for both bulls and bears is relatively balanced, with volume and price showing an upward movement with increasing volume and a downward movement with decreasing volume. However, recent sharp rises followed by pullbacks accompanied by huge volume. Yesterday, the price surged from 0.86 to a high of 1.0797, with trading volume reaching a peak, then the price dropped sharply, forming a long upper shadow, indicating extremely heavy selling pressure at that level. Today, the price rebounded to around 0.72, with relatively moderate trading volume, and weak willingness to chase higher. Overall, the recent trend shows a biased bearish volume-price structure.
On-chain funds show short-term inflows but long-term continued outflows, creating a divergence. This indicates that long-term smart money is withdrawing, posing potential pressure on the market. Spot funds are similarly trending with the on-chain funds, confirming the trend of long-term capital exiting.
Entry timing: Conservative traders are advised to enter on the rebound near 0.7170; aggressive traders can enter at the current price directly, with a stop loss at 0.7370. The initial target is temporarily set at 0.6406.
Follow Brother Kai, who will continue to update everyone on RAVE's movements, daily guiding fans to lay out positions. Not promising overnight riches, but at least helping brothers eat well and stay warm. If interested, come find Brother Kai to ride the wave together.
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