I’m watching very closely after this brutal correction. The chart looks ugly right now, down more than 90% from the local high, but this is usually where volatility traders start paying attention instead of panicking.
What caught my eye is the massive volume spike during the selloff. For me, that often signals forced liquidations and emotional exits rather than calm distribution. I think the market is entering a high-risk, high-reward zone where rebounds can happen fast if momentum returns.
Right now, I’m not blindly bullish. I want confirmation first. If buyers manage to defend the current range and reclaim key resistance around the mid-zone, I can see a strong relief rally building toward higher targets. The risk/reward setup becomes attractive only if volume keeps increasing on green candles, not dead-cat bounces.
I also think sentiment around $RAVE is extremely weak now, and that’s usually when unexpected reversals happen. Most traders already turned bearish after the crash, which means even a small catalyst could create aggressive short covering.
My approach here is patience. I’m waiting for structure, confirmation, and strength before taking any serious position. In this market, survival matters more than chasing candles.$RAVE
