$RAVE Really Said “Sell Me at Break-Even” and Then Pumped 269% 😂
One whale dumped 899K RAVE at break-even... and then watched the chart go full revenge mode.
Now price is sitting at $1.26, after a crazy 269% surge, and the setup is getting spicy.
Here’s the funny part:
smart money L/S ratio is 2.68, 73% of OI is long, and 85% of shorts are already underwater.
That means this thing still has short squeeze chaos energy written all over it.
But let’s be real.
The chart is also screaming:
“I need a nap.”
What I’m watching: Buy zone: $1.05–$1.10 retest or $0.94 breakout retest
Sell zone: $1.38 resistance or $1.50 psychological level
Invalidation: lose $0.94 and the breakout story gets ugly
Why caution matters: RSI is above 90
MACD is contracting
Volume is fading
And 95% holder concentration means this move can get weird very fast
So yes, bulls still have momentum.
But chasing here feels a bit like arriving at the wedding after the cake is finished and the DJ already left.
Best case: clean retest, fresh confirmation, then continuation.
Worst case: late longs become exit liquidity.
Would you buy the dip on $1.05–$1.10, or take profit into $1.38–$1.50? Drop your view below 👇