$RAVE The short liquidation at $1.67704 confirms a sharp upside squeeze, removing weak short positions and pushing price into a higher liquidity zone. This type of move often leads to continuation if price holds above the breakout area.
Market structure is transitioning into a bullish phase, with price breaking above prior resistance near $1.65000. The level is now acting as support. Momentum is strong, supported by the liquidation-driven push, and buyers are maintaining control in the short term. Liquidity above $1.72000 and $1.78000 becomes the next target.
EP: $1.66000
TP1: $1.72000
TP2: $1.78000
TP3: $1.85000
SL: $1.59000
Trend strength is bullish as price breaks and holds above previous resistance, confirming structural shift. Momentum remains strong following the liquidation, showing sustained buyer interest. Price is likely to continue toward higher liquidity pools as long as the breakout level holds as support.
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