RAVE is still in a strong bearish trend after a sharp decline from the area of 0.57 to 0.26. The recent rise is merely a pullback / dead-cat bounce, with no signs of a trend reversal yet. The price structure is still forming lower highs, so the potential for further downward movement remains open.
Entry Area (SHORT)
Main Entry: 0.32 – 0.34 (resistance area & potential rejection)
Aggressive Entry: 0.317 – 0.325 if a rejection signal appears
Profit Target
TP1: 0.30
TP2: 0.28
TP3: 0.26
Stop Loss (SL)
SL: 0.355 (close 1H above this level → setup invalid)
Position Management
Take partial profit at TP1 to reduce risk, then move SL to breakeven. Avoid entry if the price breaks out directly without clear rejection in the resistance area.
Conclusion
As long as RAVE is below 0.35, the bias remains bearish and the SHORT strategy is more dominant. Long positions should only be considered if there is a strong breakout and a valid close above the main resistance.
$RAVE
RAVEUSDT
Perp
0.29064
-34.69%
