$RAVE 💔
$RAVE crashing 4.7% with 4.3x volume surge
- Given the extremely strong selling pressure, volume anomaly, and full confirmation from all major indicators, the path of least resistance is still down. This price action looks more like distribution by smart money than just panic selling — especially with the liquidity grab below recent lows.
- My expectation is that there could be a short-lived bounce toward 0.2331–0.2346, but unless the price closes decisively above 0.2346, sellers likely remain in control. A rejection here is ideal for new short entries.
- Trade Setup Example: Wait for a bounce to 0.2331–0.2346. If you see a bearish pin bar or strong rejection on this zone, consider entering short. Place your stop above 0.2389 (recent supply/swing high). First take profit at 0.2215, second take profit at 0.2099.
- Confirmation: Only enter if you see bearish reversal patterns on the 15m or lower, such as a pin bar, bearish engulfing, or a lower high with a strong sell-off candle. If price punches straight through 0.2346 and holds above 0.2389, reassess for possible trend reversal.
- If price reclaims and closes above 0.2463 with momentum, this bearish scenario is invalidated and you should avoid shorts.
📝 This is not investment advice, just an educational analysis report. Please use proper risk management and wait for confirmations before entering any trade!
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#RAVE