$RAVE 🔻 Bearish Signal(mark my word)
Currently, the RAVE coin is still in an upward trend, but signs of exhaustion are starting to appear ⚠️
📊 Why is the short-term trend bearish?
The price was rejected at the resistance level of $25.8 ❌
The KDJ indicator is in the overbought zone → high correction potential
After a +45% increase, profit-taking is expected 💰
The price is too far above the moving averages (EMAs) → potential return to the average
🔴 Short Setup:
Entry: between $24 – $25
Target 1: $22
Target 2: $20
Target 3: $18
Stop Loss: $26.5
📉 Break levels:
Breaking $23 → confirming weakness
Breaking $21 → stronger correction towards $18
💡 Market outlook:
Even strong trends need a cooling-off period. This looks like a healthy correction and not a complete reversal of the trend.
⚡ Summary:
A short-term bearish correction is expected if resistance continues. Watch the price movement before entering.
Currently, the RAVE coin is still in an upward trend, but signs of exhaustion are starting to appear ⚠️
📊 Why is the short-term trend bearish?
The price was rejected at the resistance level of $25.8 ❌
The KDJ indicator is in the overbought zone → high correction potential
After a +45% increase, profit-taking is expected 💰
The price is too far above the moving averages (EMAs) → potential return to the average
🔴 Short Setup:
Entry: between $24 – $25
Target 1: $22
Target 2: $20
Target 3: $18
Stop Loss: $26.5
📉 Break levels:
Breaking $23 → confirming weakness
Breaking $21 → stronger correction towards $18
💡 Market outlook:
Even strong trends need a cooling-off period. This looks like a healthy correction and not a complete reversal of the trend.
⚡ Summary:
A short-term bearish correction is expected if resistance continues. Watch the price movement before entering.