$RAVE Bearish Reversal: Structure Shift Confirmed
The recent price action for $RAVE indicates a significant cooling-off period after its massive pump. The chart shows a clear rejection from the overhead supply zone, signaling that the bulls have exhausted their momentum. With the market structure now shifting bearish on the hourly timeframe, we are looking at a high-probability short opportunity as the price begins to break lower.
Entry Zone: 11.3 – 12.2
Stop Loss: 13.6
Target Take Profits: 10.2 | 9.0 | 7.9
As the "Mark Price" currently sits around 11.55, the trade is well within the entry range. Ensure you manage your risk carefully, as high-volatility assets can experience sharp retracements. Monitor the 11.14 support level closely; a clean break below that will likely accelerate the move toward our TP targets.
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