$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.