‍$RAVE A couple of days ago, when it was at a low point, I actually tried a round of short-term trades—but the order book just wouldn’t cooperate. No matter how much I tried to push it down, I couldn’t get it down. By then, I was already very clear: the shorts hadn’t been liquidated completely, and this “operator” wouldn’t easily smash it lower. Sometimes it’s not that the technical setup isn’t good, but that the chip (position) structure doesn’t allow the price to drop.

The short positions are still stacked there, and the sentiment hasn’t been cleared yet. How could the operator possibly just give you a waterfall? That wouldn’t be anything other than handing you money. So over these past two days, my main thinking has been very clear: follow the trend to go long—but there are still quite a lot of stubborn fans who can’t help themselves and keep trying to short. Put simply, when it has already risen too much, it makes them feel uncomfortable. They always think, “It should pull back.”

But the market never moves according to what you “feel.” Right now, this coin’s sentiment is actually very similar to when it was $PIPPIN back then—more and more bears, and the comment section is full of bearish voices. The more it’s like this, the more vigilant I am that it might still pull up for another wave.

Market action is often like this: it first pushes sentiment to an extreme, then it gives the real direction. If it really wants to go short, I won’t make a move right now—I’ll wait until its sentiment becomes even more euphoric. For example, when it rallies to around $8, and volume and price start showing divergence, and the positions clearly loosen, then I’ll consider setting up the short positions in batches. This isn’t trading out of spite, and it’s not guessing the top. Patience in letting the structure play out is much more important than rushing to act.

‍#Gate13周年Dr.Han公开信 #加密市场小幅下跌