$RAVE looks like it may be setting up for another big dump… this breakout could be nothing more than a trap for retail traders.
📉 $RAVE SHORT SETUP
📍 Short Entry: 2.4 – 2.2
🎯 Take Profit: 1.5 / 1.0 / 0.5
🛑 Stop Loss: 3.0
A lot of people are chasing longs here just because they see a breakout. But in my view, this move looks more like a liquidity hunt than real strength. The breakout likely triggered late traders and cleared out short sellers’ stop losses before the market shows its real direction.