$RAVE /USDT – SHORT SETUP (Perpetual)

Market Context:

RAVE is showing clear weakness after a strong rejection from the upper resistance zone, followed by a sharp bearish impulse. Price is now trading below key intraday levels, and sellers remain in control.

🔻 Technical Breakdown

Trend: Short-term bearish

Structure: Lower high formed → bearish continuation

Volume: Heavy sell-side participation on rejection

Resistance Zone: 0.600 – 0.625

Support Broken: 0.580 → now acting as resistance

🎯 Short Entry Zone

0.565 – 0.585

(Prefer rejection / weak bounce confirmation in this zone)

📉 Targets

TP1: 0.530

TP2: 0.503

TP3: 0.466

TP4 (Extended): 0.437

⛔ Stop Loss

0.625 (Daily close above invalidates the setup)

🧠 Trade Outlook

As long as price stays below 0.600, bearish continuation is favored. Any weak pullback into resistance is a sell opportunity. Momentum supports further downside toward the 0.50 liquidity zone.

Bias: ✅ Short

Risk Management: Use proper position sizing & partial profits.

If you want, I can also map this on 15m / 1H / 4H structure or adjust targets for scalp vs swing setups.