$RAVE – Parabolic Breakout, Bulls Controlling the Momentum
Trading Plan: Long $RAVE
Entry: 14.80 – 15.90
SL: 13.50
TP1: 17.20
TP2: 18.50
TP3: 20.00
$RAVE is currently showing massive bullish strength, surging over 80% within a very short timeframe. The price is consistently printing higher highs and holding firmly above the Supertrend line, which indicates that the upward trend is fully intact.
Looking at the indicators, the MACD shows a strong bullish crossover with widening histograms, suggesting that the buying pressure is still accelerating. While the RSI(6) is at 74.16, signaling an overbought condition, the massive volume spike confirms that this is a high-momentum breakout rather than a fake-out. The price has successfully cleared previous resistance levels and is now using them as psychological support.
When a coin exhibits this level of vertical movement with sustained volume, pullbacks are typically shallow and are quickly bought up by traders looking for continuation. As long as the price maintains its structure above the 13.50 support zone, the path of least resistance remains upward toward the $20 psychological target.
Trade $RAVE here 👇