guys don't miss millionaire Short position 🚨 $RAVE USDT Opened 🚨
Entry: 20.30 USDT (Limit Sell)
Position: Short (Perp)
Leverage: [Enter your leverage, e.g. 10x-20x]
Reason:
The chart shows that the price has pumped up very quickly and is now close to ~19. Now a major Descending Trendline is breaking below the Strong Resistance Zone (20.00 - 23.01), signaling a downtrend.
24h High: 19.19
Current Price: Around ~18.95–19.00
Despite high volume, price now looks overextended
Upper wick + bearish structure forming
Target Levels:
15.00 - 16.00 (First Target)
13.00 - 14.00 (Second Target)
7.00 - 9.00 (Extended)
Stop Loss: 23 (if breaks above 21.5)
Risk Management: Keep the position size such that you do not risk more than 2-3% of your account.
RAVE is still in the new hype, but there is a high possibility of a correction from this level.
What do you think? Should you short or wait? 👇
#RAVEUSDT #RAVE #BinanceFutures #ShortPosition #cryptotrading