$RAVE update
Price has already dropped 50% since my last post.
The $0.50 target remains valid for now.
Large short positions are still being held, showing no clear signs of exit yet.
Retail is mostly trying to catch the bottom with longs, which increases downside risk if price keeps fading.
Longing here is risky. Short-covering bounces can happen at any time, but right now there are no strong signs of a real trend reversal.
Unless market structure changes, downside pressure remains dominant.
#rave #RAVEUSDT