This $RAVE move screams bull trap unless buyers prove otherwise.
$RAVE - SHORT
Trade Plan:
Entry: 0.73467 – 0.74892
SL: 0.78455
TP1: 0.69905
TP2: 0.68480
TP3: 0.65630
Why this setup?
4h bias remains SHORT, and 1D is still range-bound. Key read: - price back at 0.73467 – 0.74892 - entry near 0.74180 - RSI 15m at 32 (momentum stretched, so patience needed) - 15m volume prints 498.08K vs 948.72K on 1H baseline slice (0.53x), keeping rejection lighter than ideal.
Debate:
Do we hit TP1 first, or lose this zone before the move starts?
Click bellow for trade 👇