Rejection from the highs is still dominating… and $RAVE is now trading in a weak recovery phase under strong resistance.
$RAVE / USDT – SHORT
Trade Plan
Entry: $0.90 – $0.95
SL: $1.13
TP1: $0.82
TP2: $0.79
TP3: $0.71 (if breakdown expands)
Why This Setup?
4H Structure: After rejection from $1.117, price is forming lower highs and failing to reclaim bullish structure, signaling bearish continuation.
Price Positioning: Currently mid-range, but below key resistance. This gives space for downside toward $0.79 support.
Trend Context: Short-term trend is shifting bearish as momentum from the previous pump fades and sellers regain control.
Volume Behavior: Weak recovery after the drop suggests lack of strong buyers, indicating this move is more of a relief bounce.
Key Zones: $0.794 is the first major support. If this breaks, price can quickly move toward $0.71 liquidity zone.
As long as price stays below $1.05–$1.10, downside pressure remains dominant.
Debate:
Is RAVE stabilizing for another push toward $1.10+…
Or is this just a pause before a deeper drop toward $0.70?
Trade $RAVE here 👇
