$RAVE/USDT LONG TRADE SETUP
$RAVE is currently trading at 0.54496, attempting to stabilize after a period of high volatility. The price recently faced a rejection from the 0.57791 resistance level but has shown strong resilience by bouncing off a local low of 0.52000. Currently, the price is consolidating and forming a potential base for its next upward move.
The 15-minute chart indicates that if $RAVE can hold the support around the 0.54000 level, it is well-positioned to retest the 0.56500 resistance zone. Despite a daily dip of -10.26%, the substantial 24h trading volume of 187.18M USDT suggests there is enough liquidity and buying interest to spark a significant recovery bounce.
Target Points
TP1: 0.56500
TP2: 0.58500
TP3: 0.61000
Stop Loss
Set stop loss at 0.51500 to protect against a break below the recent major support and further bearish momentum.
Buy and Trade here on $RAVE
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