☢️ guys $RAVE is pumping again and this 4h chart is showing the most dangerous trap I have seen all week

I documented this coin from 0.2491 to 28.30 and back to 0.45 — now it is bouncing to 1.74 and I need to warn you about exactly what this bounce is

look at what the 4h EMAs are screaming right now

1️⃣ the EMA situation is catastrophic for longs — EMA7 at 1.61765 EMA25 at 4.81006 EMA99 at 6.01978 — price is trading at 1.74 with EMA25 at 4.81 and EMA99 at 6.01 — that means price needs to 3x from here just to reach the EMA25 — those EMAs are not going to flip bullish anytime soon — they are gravity pulling price back down

2️⃣ the bounce is being bought by retail not whales — $RAVE went from 0.45220 to 2.68126 today — that is a 6x from the bottom in one session — but look at who is buying this — the same retail that bought the top at 28.30 is now buying the bounce at 1.74 thinking the worst is over — the 300 million dollar wallet already exited — there is no whale support behind this bounce

3️⃣ RSI at 43.51 on the 4h — recovering from deeply oversold but still below 50 — RSI below 50 on the 4h means the bears are still in control of the macro trend — any RSI bounce into 50-55 will be sold into hard by everyone who is still trapped from higher prices

4️⃣ the -78.25% in 7 days tells the real story — #RAVE went from 28.30 to 0.45 — the people buying this bounce at 1.74 are still down massively from the top — every single one of those trapped longs is a seller the moment price gives them any relief

this is not a recovery — this is retail buying the dead cat while smart money uses every bounce to exit whatever is left

do not get trapped buying #RAVE bounces — the EMA structure does not lie 👀