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$RAVE increased 120 times – an almost unexpected breakout 🚀The market just experienced one of the craziest price surges of $RAVE. From a market cap of only about $6 million, the project exploded up to $1.5 billion in a short period. The strong rally, with FOMO capital flowing in continuously, caused the price to almost “shoot straight up.”
A friend of mine sold 17,500 RAVE at the price level $9 and took profit of about $150,000 – an impressive figure. But looking back at the current price, if held until now, the account could have tripled. This is a familiar feeling in crypto: taking profit but still regretting because “the price keeps going up.”
However, after a 120x increase, the important question is not “how much has the price increased,” but “how high is the current risk?” Parabolic moves are often followed by sharp corrections. When market cap increases too quickly in a short time, the selling pressure from whales and early holders will be very strong.
Personal opinion:
I lean towards a correction scenario. The lower $20 area could be retested if buying momentum weakens and the market cools down. Stop Loss should be set around $33.10 to manage risk in case the price continues to push up for one final wave.
In trading, making new profits is what matters – not catching the exact top or bottom. Congratulations to those who have already taken profits. Those who haven't entered yet should patiently wait for a clearer structure instead of FOMO chasing the hot rally.
The market always offers opportunities; the key is whether you have enough discipline to seize them.