$RAVE is up more than 2000% in a very short time, and moves like this rarely end with everyone celebrating profits.
What we are seeing right now looks like a classic liquidity setup where late buyers enter after the move is already exhausted.
Price already tested the $6.4–$6.5 zone and struggled to hold momentum above it.
When candles start slowing near local highs after a vertical rally, it usually signals distribution, not strength.
Most traders entering here are chasing green candles instead of structure.
This is exactly how long traps are formed.
Smart money typically pumps price fast, attracts breakout traders, then begins unloading positions slowly while retail keeps buying dips thinking another leg up is coming.
Once support around $6.0 weakens, the downside can accelerate quickly because leveraged longs start getting forced out together.
If momentum fades below short-term moving averages again, expect panic exits to begin.
Right now this looks less like a continuation setup and more like a textbook pump-and-dump structure forming near the top of a fast rally.
This week could easily turn into the phase where late buyers realize they entered too late. 📉🔥
