$RAVE technically aligned with current price action.
Trade Setup
Direction: SHORT
Entry: Market Price (~0.84 area)
Stop Loss: 0.945
Take Profits
TP1: 0.855 (already near current zone, weak target for a short)
TP2: 0.830
TP3: 0.800
My chart view
Price has already rejected from the upper zone near 0.90+
Current trading is sitting near 0.84, close to your TP2 area
Sellers are active, but note that TP1 at 0.855 is above current price, so for a short this target placement is unusual
Suggested cleaner structure
A stronger short structure could be:
Entry: 0.840–0.860
TP1: 0.830
TP2: 0.810
TP3: 0.800
SL: 0.945
This gives better reward logic.
Important warning
If price reclaims and holds above 0.885–0.900, bearish momentum weakens and short squeeze risk increases.
My verdict
This is a valid short setup, but I would adjust TP1 because 0.855 is not ideal for a short from current market price.
I’d rate it:
7.5/10 short setup if sellers keep pressure below 0.88.$RAVE
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