$RAVE (On-chain / 1H Timeframe)

Current Price: ~$0.64

Trend: Strong short-term bullish impulse

Structure: Parabolic expansion after base breakout

Market Structure

Price has made a massive impulse move from ~$0.12 → ~$0.67.

Clear higher highs & higher lows → bullish structure intact.

Current candles are extended far above EMA(9) → short-term overheating risk.

Indicators

EMA(9): ~$0.55

Price is significantly above EMA → momentum strong but stretched.

RSI(14): ~89

Deep overbought territory.

Historically, this almost always leads to cool-off or pullback, not immediate continuation.

Key Levels

Resistance:

$0.67 – $0.70 → local top / rejection zone

Support Zones:

$0.58 – $0.55 → EMA + first healthy pullback area

$0.45 – $0.47 → previous breakout & structure support

$0.33 – $0.36 → last demand before parabolic move

Outlook

Chasing here is high risk.

Best case: sideways consolidation above $0.55.

Likely scenario: pullback toward EMA (0.55 area) before continuation.

Failure to hold $0.55 opens deeper retrace toward $0.47.

Trading Plan (High-Probability)

❌ Avoid longs at current price.

✅ Look for pullback + stabilization near:

$0.58–0.55 (aggressive)

$0.47–0.45 (safer)

📉 Short-term scalps only if rejection confirmed near $0.67–0.70.

Summary

> Momentum is strong, but RSI + distance from EMA scream exhaustion.

Let price come to you — patience beats FOMO here.

If you want, I can: