$RAVE Long Liquidation: $2.6375K at $0.60758
Long traders on $RAVE were forced to exit as price slipped below support, triggering stops and accelerating the downside move. Buyers failed to hold the level, handing short-term control back to sellers.
Liquidation Type: Long
Liquidated Amount: $2.6375K
Liquidation Price: $0.60758
EP: $0.6070
TP: $0.5920 → $0.5750
SL: $0.6175
Market Outlook:
This long liquidation signals weakness below the $0.607 zone. As long as price remains under the liquidation level, downside pressure can continue toward lower supports. Any bounce into resistance may attract sellers unless strong volume steps in.
Pro Tip: After a long flush, don’t rush trades. Let price stabilize and reclaim key levels before considering longs patience protects capital.
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