$RAVE just triggered a short liquidation of $5.3792K at $0.52971. This type of correction is healthy because it clears out overcrowded short positions and resets momentum. I’m watching this closely since these moves usually give the market room to breathe before choosing its next direction.

Trade Setup:

Entry Zone: $0.525–$0.535

Target 1: $0.565

Target 2: $0.600

Stop Loss: $0.505

This zone stands out. Price previously held here as support and showed strong reactions on earlier pullbacks. It also lines up with a key retracement area from the last impulse move. They’re building strength around this level, and if this level holds, it could act as a solid base for continuation higher.

I’m watching how price behaves here. If buyers keep defending this zone, $RAVE has room to expand toward the upside targets.