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$RAVE Dogzhuang has some tricks up its sleeve! Moving sideways around $2 to shake out traders.
诱我做空!
Breakout followed by a quick surge, the bears are basically wiped out again, a typical time-for-space market control tactic.
The 24-hour increase has exceeded 88%, with a circulating market cap of about $3.5 billion.
Currently, the 1-hour RSI has reached the overbought zone, and technicals urgently need correction.
Contract open interest surged over the past 24 hours, with leveraged funds piling in, triggering chain reactions of liquidations;
Now, the market is at a crossroads, with signs of large withdrawals on-chain, and short-term profit-taking selling pressure is hard to predict!
What do you think, how high can it go?