$RAVE is showing a clear bearish continuation structure, with sustained downside pressure and price compressing near a key support zone after an extended breakdown. No strong reversal signals yet — sellers remain in control.
Trading Plan SHORT: $RAVE USDT
Entry: $1.00 – $1.20
Stop-Loss: $1.35
Targets:
TP1: $0.75
TP2: $0.55
TP3: $0.38
From a market structure perspective, RAVE has been in a persistent downtrend with lower highs and lower lows, confirming strong bearish control. The recent price action shows a weak consolidation near support rather than a meaningful bounce, indicating a lack of buyer strength. Momentum remains to the downside, and the compression at current levels suggests a potential continuation move rather than reversal. Sellers are consistently absorbing any minor buying pressure, which increases the probability of further downside expansion if support fails.