Is the $RAVE party over? ๐
(RAVE/USDT) just pulled off a massive +27% pump, but the charts are starting to whisper "reversal." ๐คซ
After a failed breakout at 0.79, weโre seeing a bearish engulfing pattern on the 1H. The price is slipping below the EMA(7), and the bulls are losing steam. ๐
The Game Plan (Short Setup):
โก๏ธ Entry: Below 0.5600-0.5700(Confirmation on EMA 25 break)
๐ฏ Targets: 0.5200 | 0.4994 | 0.4550 (Final Boss)
๐ Stop Loss: 0.6150
๐ Why this matters:
๐น Liquidity is drying up at the highs and volume is spiking on the red candles. If we lose the 0.56 support, expect a fast trip to the 0.49 level.
๐น Risk Tip: Keep an eye on $BTC โif King Crypto pumps, this short might get squeezed!
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