$RAVE is sitting in a real decision zone right now. I’m watching it closely because after a strong +120% move, this is exactly where the market either continues trend or traps late buyers.
Price has reclaimed the $1.0 area, but I’m seeing hesitation near $1.25–$1.30. That’s a key resistance zone where momentum often gets tested hard.
🎯 Trade Plan: BREAKOUT CONTINUATION (my view)
Entry Zone:
1.00 – 1.08 (I’m only interested if price holds above $1.0 cleanly)
Target Points:
TP1: 1.30
TP2: 1.80
TP3: 2.50
Extended: 5.00 (only if full trend continuation happens)
Stop Loss:
0.92 (loss of $1.0 structure invalidates bullish setup)
Why this setup works (my thinking):
I’m treating $1.0 as a key psychological and structural level. When price reclaims a major level after a strong move, it usually either:
confirms continuation if buyers defend it, or
turns into a bull trap if volume fades
Right now I’m not chasing the top. I’m waiting for confirmation that $1.0 holds as support and that sellers fail to push it back below.
If price breaks above $1.30 with volume, that’s where momentum traders typically step in, and the trend can extend fast toward higher liquidity zones.
But if $1.0 fails, I’ll assume this was a liquidity grab and step aside because downside move can be sharp.
I’m staying reactive here, not emotional. This is a decision zone, not a prediction zone.