$RAVE — Correction Phase Active, Sellers in Control 📉
The momentum has clearly shifted.
After an explosive rally, $RAVE faced strong rejection near the 12.5 zone — and since then, the structure has started to break down. Lower highs are forming, signaling that buyers are losing strength while sellers gradually take control.
Trade Setup — SHORT
Entry: 8.4 – 9.0
Stop Loss: 9.8
Targets: 7.3 → 6.5 → 6.0
This current bounce isn’t showing real strength — it looks more like a weak relief rally rather than a true reversal. Volume and price action both suggest fading bullish momentum.
As long as price remains below the 9.5 – 10.0 resistance zone, the bias stays bearish with continuation likely.
Key Level to Watch:
6.5 zone — major support and potential reaction area.
Right now, the smarter play is simple:
Follow the shift in trend — don’t chase the top.
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