$RAVE /USDT Analysis 📊
Bullish consolidation forming a classic pennant structure after a strong 35% impulse move.
Direction: LONG 🟢
Timeframe: 15M
Leverage: 5x Isolated
What I'm seeing:
Price is holding firmly above the 0.6100 support zone, forming a bull flag continuation pattern.
Volume is declining during this consolidation phase, confirming that selling pressure is exhausting.
RSI has cooled off to 62 from overbought levels while price remained high, allowing room for the next leg up.
A breakout above 0.6450 validates the next expansion phase.
Entry Zone: 0.6180 - 0.6220
Take Profit 1: 0.6550
Take Profit 2: 0.6720
Take Profit 3: 0.6880
Stop Loss: 0.6040
Risk-Reward: 1:3.1
Invalidation if price closes below 0.6000 with volume. Take 50% profit at TP1 and trail SL to breakeven immediately as this asset moves fast.
Drop a ⚡️ if you're tracking this.
