$RAVE has just delivered a strong impulsive move to the upside 🚀, followed by a sharp rejection from the 1.29 region ❌. the recent candles show aggressive selling pressure after a vertical rally, indicating early signs of distribution rather than immediate continuation 📉.

price is currently hovering around the 1.00 psychological level ⚠️, which is acting as a weak support after the rejection. however, the structure on the 15m timeframe shows lower highs forming after the peak, suggesting that momentum is fading and a short-term pullback is more likely before any further upside attempt 🔻.

the rally looks overextended, and without a solid base being formed, chasing longs here is risky ⚡. instead, the better probability setup is a short from a minor bounce or continuation breakdown, targeting the inefficiency left below during the impulsive move 🎯.

a breakdown below the current consolidation zone will likely accelerate selling toward previous support zones around 0.90 and below 📊.

entry: 1.010 ___ 0.995

sl: 1.085

tp1: 0.940

tp2: 0.900

tp3: 0.860