$RAVE - SHORT Setup
Entry: 0.7850 – 0.8000 (Only on a clear, strong rejection candle or failed breakout at the highs)
Target 1:0.6500
Target 2:0.5500
Stop Loss:0.8200 (Above the swing high for invalidation)
My View:
RAVE is in an explosive,parabolic uptrend, up over 186% in 7 days. The price is in a state of extreme euphoria, trading in a low-liquidity zone after a vertical rally. Such moves are unsustainable and almost always result in a violent, deep correction as profit-taking erupts. The volume spike is a classic exhaustion signal. The chart shows the price is massively extended from any reasonable support. This is a high-risk mean reversion play. The only valid short entry is on undeniable evidence of a top forming—a massive bearish wick, a failed breakout above $0.795, or a clear distribution pattern on the 1H/4H chart. Patience for the right signal is critical.
Bias: Bearish for a steep correction. Bullish trend intact above $0.7950.
Disclaimer:Extremely high risk. My plan. Not advice. Trade your own risk.
