Don't Get Caught in the Exit Liquidity!
Looking at the $RAVE daily chart, we see a classic parabolic move that ended in a catastrophic dump.
What happened?
Low Float: A small circulating supply made it easy to pump the price.
Extreme FOMO: Retail investors jumped in as it crossed $10, $15, and $20.
The Distribution: Large wallets began offloading into the high buying volume.
The RSI was screaming overbought for days. Now that the support levels have shattered, $RAVE is struggling to find a floor. This is why we say: Never FOMO into a vertical green candle.
RAVE
Alpha
0.66909
-0.97%