$RAVE /USDT — Momentum Cool-Off After Explosive Run
RAVE
Alpha
0.44221
+13.26%
printed a massive upside move from the 0.12 zone to a local high near 0.67, followed by a healthy pullback and stabilization around the 0.50 area. This price action suggests profit-taking after an aggressive rally rather than structural weakness, as higher lows are still holding and volatility is compressing. If buyers continue to defend the 0.48–0.50 support zone, the next leg higher could unfold toward previous resistance, while a failure below support may trigger a deeper retrace before continuation.
Trade Setup:
Entry Zone: 0.48 – 0.51
Stop-Loss: 0.44
Target 1: 0.58
Target 2: 0.67
Target 3: 0.75