$RAVE is a cleaner read compared to the last one — but still not as bullish as that +43% makes it look.

Let’s break it down properly:

First thing zoom out mindset: Price already made a strong move (from ~1.00 → 2.09).

That means you’re late in the move, not early.

Now on this 30m structure:

We clearly see: – Sharp impulse up

– Then distribution (sideways chop near the top)

– Followed by a dump to ~1.14

– Now a weak bounce back to ~1.48

That’s not a fresh trend. That’s a cooling market after a pump.

Right now price is stuck between: – Resistance: 1.60 – 1.65

– Support: 1.40 – 1.35

And the key detail: The latest bounce got rejected near MA25 (pink line) → that’s bearish pressure still active.

MACD also flattening → momentum is dying, not expanding.

What matters now:

Bullish case: If RAVE reclaims 1.55–1.60 with strong candles + volume

→ then we can see another leg toward 1.75+

Bearish case (more likely right now): If price loses 1.40 again

→ expect revisit of 1.30 → 1.14 zone

My honest take:

This is not a “jump in and long” chart.

This is a wait-for-confirmation or short-the-rejection type chart.

Clean plan:

– No entry in the middle (current zone = chop)

– Long only above 1.60 reclaim

– Short below 1.40 breakdown

Right now?

It’s just range + weak recovery.

And in trading, ranges are where most people get trapped.