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Rave is a token with extremely high control chips and crazy upward momentum.
Many people don't believe in evil and go short,
but instead, the more they short, the more it rises.
The short sellers generally become fuel.
And the most terrifying thing is that the hourly funding rate is -0.42%.
Let's make an example: if you short with 10x leverage,
then holding the position for one day,
you need to pay -0.42% x 10 x 24 = -100.8%.
In other words, if the price of the coin remains unchanged for a day,
your margin will be swallowed up.
In the past few years,
these tokens are often sharply pumped by the manipulators,
with false dips during consolidation and then violent surges.
Many traders who don't believe in evil,
use some common candlestick signals
to judge reversals,
but end up getting liquidated.
For these devilish tokens,
a relatively certain method of judgment is often
large on-chain transfers to exchanges
and the weakening of exchange holdings.
These signals usually indicate the end of manipulation,
and understanding the profit.
So, everyone,
it's not recommended to short or go long on these tokens.
Most of the 99% of small traders
ultimately become fuel.
As the saying goes, "One general's success leads to eternal exhaustion."
Make friends with time,
invest steadily $RAVE ,
and look for confirmed signals.