$RAVE
This looks like a destruction of structure.
From ~$28 to ~$1 — and even without a proper bounce. Just constant downward pressure, with no attempts to regain control.
And here comes the dangerous thought: “well, this is definitely the bottom.”
But the question is — why is there no aggressive buyback?
👉 in fact: — the price is far below EMA
— every bounce is immediately sold
— volume increases precisely on the decline
— RSI is dead, but without reaction
And the most interesting thing: longs are increasing, while the price is falling
this is not strength — this is liquidity for a dump
Stop. What if this is not “oversold,” but just an asset that no one wants to hold?
Funding is high → longs are paying
the market literally punishes those who catch the bottom
The zone ~$0.9–1.1 is currently holding… but it looks like a pause, not a reversal.
I wouldn’t think about “cheap” here.
Because sometimes the bottom is not a level.
It’s a moment when interest completely disappears.
Are you catching a bounce right now or just trying to guess the bottom?
$RAVE
#rave