๐ $RAVE Just Lost -48% In Hours After Hitting $28 โ The Chart Is Screaming A Warning
RAVE
Alpha
1.25571
+98.05%
From $28.46 to $0.44 on maximum volume. Now bouncing feebly to $0.61 while every single EMA sits between 7x and 13x above current price.
RSI oversold. MACD in freefall. FDV at $611M vs $2.11M liquidity.
The math doesn't add up. The chart doesn't lie.
Dead cat bounce zone: $0.55โ$0.65
Resistance 1: $1.50
Resistance 2: $4.44 EMA200
Stop: Any new position below $0.40
This is either the greatest oversold opportunity or a falling knife with no floor.
With $2M liquidity against $152M mkt cap โ approach with extreme caution or not at all.
DYOR / NFA