🚨 $RAVE Strategy: The Parabolic Blow-off Snipe
Retail is chasing the "Moon" at $3.00; we are sniping the high-probability distribution. The momentum is vertical, but the 4H RSI is flashing extreme overbought conditions.
Entry Zone: $2.80 – $2.95 (Fading the Blow-off)
Target 1 (TP1): $2.37 (MA-7 Support / Initial Flush)
Target 2 (TP2): $1.85 (Recent Breakout Liquidity)
Target 3 (TP3): $1.40 (MA-25 Macro Floor)
Stop Loss (SL): $3.35 (Hard Exit above ATH)
Trade Logic:
Price is exhibiting "Momentum Exhaustion" after hitting the $3.17 local high. The 4H structure shows a massive liquidity hunt is needed to neutralize the fanning moving averages. We are positioning for a sharp correction to clear the late-long FOMO. Action: Short the relief—a break below $2.37 will likely trigger the "Waterfall" reset.
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