Failed follow-through near MA resistance — downside setup forming.
$RAVE /USDT – SHORT
Trade Plan
Entry: 0.69 – 0.72
SL: 0.81
TP1: 0.60
TP2: 0.52
TP3: 0.46
Why This Setup?
4H rejection below MA7 (0.79) after sharp move. Price unable to sustain highs → typical post-spike weakness. RSI cooling, volume not supporting continuation. Below 0.80 = sellers active.
Debate:
Dead cat bounce… or start of deeper unwind?
Trade $RAVE here 👇
RAVEUSDT
Perp
1.37084
-35.61%