$RAVE 📊 Current Market Read (5m)

Price: ~4.08 – 4.11

Just had a sharp rejection from 4.74 → dump → bounce

Now forming lower highs after the spike

👉 This is early distribution / cooling phase

🔍 What Changed From Previous Chart?

✅ Before:

Fully overbought (vertical pump)

⚠️ Now:

Momentum is weakening

Market is trying to decide direction

🔴 Bearish Signs (Important)

1. Rejection Wick (Very Strong)

Huge wick from 4.74 → sellers stepped in hard 👉 This is smart money taking profit

2. RSI Reset

RSI dropped from 90+ → now ~60 👉 Means:

Overbought is gone

But not oversold yet

3. Structure

Not making new highs

Small lower high forming

👉 Early sign of possible pullback

🟢 Bullish Side (Still There)

Price still above all EMAs

EMAs still stacked bullish

👉 Trend not broken yet

⚖️ Conclusion (Very Important)

👉 This is NOT a clean short yet

👉 But also NOT a good long zone

This is:

⚠️ Transition / decision zone

🎯 Trade Plan (Simple & Clear)

🟥 SHORT Setup (Safer)

Take short ONLY if:

Price rejects 4.20 – 4.30

Or breaks below 3.95

👉 Targets:

3.80

3.60

3.30

👉 Stop loss:

Above 4.35

🟩 LONG Setup

Only if:

Strong breakout above 4.30 with volume

👉 Then targets:

4.60

4.75

🚫 What You Should NOT Do

Don’t chase long here ❌

Don’t blind short without confirmation ❌

🧠 My Honest Read

👉 Big pump already happened

👉 Now market is in profit-taking phase

Most likely next move: ➡️ Pullback to 3.6 – 3.8 zone