Everyone's calling $RAVE /USDT a dead cat but the technicals suggest the opposite. This setup could be the beginning of a stronger recovery.
$RAVE /USDT – LONG
Trade Plan
Entry: 0.2994765 – 0.3015235
Stop Loss: 0.2826555
TP1: 0.3138834
TP2: 0.3228057
TP3: 0.3361891
The 1D trend remains bearish, but the 4H timeframe has flipped bullish with 92% confidence, signalling a potential trend reversal.
15m RSI sits at 79.59, reflecting strong buying pressure. While momentum is elevated, price still has room to advance toward TP1 at 0.3138834.
The 1H ATR of 0.004957 indicates compressed volatility, a condition that often precedes a significant price expansion.
The 0.2995–0.3015 entry zone offers a favourable risk-to-reward area, appearing more like a reaccumulation range than a distribution top.
$RAVE
$RAVE /USDT – LONG
Trade Plan
Entry: 0.2994765 – 0.3015235
Stop Loss: 0.2826555
TP1: 0.3138834
TP2: 0.3228057
TP3: 0.3361891
The 1D trend remains bearish, but the 4H timeframe has flipped bullish with 92% confidence, signalling a potential trend reversal.
15m RSI sits at 79.59, reflecting strong buying pressure. While momentum is elevated, price still has room to advance toward TP1 at 0.3138834.
The 1H ATR of 0.004957 indicates compressed volatility, a condition that often precedes a significant price expansion.
The 0.2995–0.3015 entry zone offers a favourable risk-to-reward area, appearing more like a reaccumulation range than a distribution top.
$RAVE