$RAVE
just pumped hard. It is up over 31 percent and sitting near 2.71 right now. The EMA 100 is at 2.06 and the EMA 200 is at 1.79, so price is way above both of them. That is strong momentum but also extended.
The MACD is still positive. DIF is above DEA and the histogram is green, so the trend is still up for now.
But here is the thing. Volume is dropping. The MA 5 is 25 million and MA 10 is 15 million, but the current bar volume is only 10 million. That tells me buying pressure is slowing down.
If you are looking for a long, you do not chase it here at 2.71. You wait for a pullback. The ideal area would be around 2.30 to 2.40. That zone aligns with the old resistance turning into support. If price comes back there and holds, that is your entry. Target can be 2.82 or even 3.20.
If you are aggressive, you can short it right now around 2.80 down to 2.30. But that is risky because momentum is still bullish. You would be betting on a reversal.
Personally I would wait. Let price come to you. Do not chase pumps. If it never comes back to 2.30, you miss the trade. That is fine. There will be another one.
$XRP #US-IranTalksFailToReachAgreement #CZonTBPNInterview #Write2Earn!