🚨 $RAVE Strong Downtrend
Contract capital flow shows massive net outflows over the last 1H (-21M), This is a strong momentum indicator showing money is rapidly leaving the contract market, aligning with the price drop. Interestingly, there are large net inflows over 6H, 12H, and 24H, suggesting the sell-off is very recent and sharp. Spot flow is mixed but mostly negative in shorter timeframes, confirming lack of strong buying support.
Consider a SHORT on any weak bounce (Primary) / OR a very aggressive, small LONG scalp for a technical rebound. The overwhelming evidence (MA, MACD, Volume, Recent Capital Outflow) points to a strong bearish trend on the 1h chart. However, short-term indicators (RSI6, KDJ-J, %B) are at extreme oversold levels, making an immediate short entry risky for a quick bounce. The high-weight trend says short; the low-weight oscillators suggest a possible minor relief rally.
Entry Short $RAVE : Wait for pullback towards resistance zone 14.0-15.0
Stop Loss: above 15.2 USDT (above recent swing high)
Target Price $RAVE : 11.5-10.5 support area