RAVE Fading Hard From the Spike, BOS

Level lIs the Last Stand.$RAVE

RAVE peaked near $30 after its vertical

spike and has been in a steady downtrend

ever since, grinding lower candle by candle

on the 4H. Price is currently at $26.75949,

up +21.12% on the day, but the broader

structure shows a BOS Ilevel being tested

with the chart projecting continuation lower

toward $5-$10 if it fails.

The BOS zone around $20-$22 is the key

level. If price closes below it on the 4H, the

spike is in full unwind mode with no

technical structure to stop it until $5-$8.

Any bounce that fails to reclaim and hold

$28-$30 is just a relief move inside a

downtrend.

If $28-$30 is reclaimed with a clean close,

the selling pressure pauses and $35+

becomes possible.

RAVE is doing exactly what a vertical spike

with no base does, it unwinds slowly then

quickly. The BOS at $20-$22 is the only

thing between current price and single

digits.