$RAVE short quickly
Entry Price:2.76-2.75
TP 1 : 2.50
TP 2 : 2.25
TP 3 :2.00
Stop Loss: 3.25
If we look at RAVE recently experienced a significant surge, but it now appears to be losing momentum. The rapid price increase was evident; however, the following decline indicates that sellers are becoming quite aggressive. On the 4-hour chart, the price seems to be retracing toward the EMA lines, which usually signifies either a period of consolidation or a potential shift in trend. Additionally, it appears that trading volume peaked during this upward movement, suggesting that the excitement surrounding it may be waning. For those considering a short position, RAVE could continue its downward trajectory if it breaks through the nearby support level. A decline toward lower price ranges, particularly around previous consolidation zones, is plausible if the selling pressure remains intense.
