$RAVE USDT – Short Bias from Supply Zone
Market Context
Price recently printed a strong impulsive move up (~+20%), followed by stalling and rejection.
Current structure shows a retracement into a prior supply / resistance zone rather than continuation strength.
Key Technical Observations
Price is trading below a local high, failing to reclaim momentum.
The zone around 0.39 – 0.43 acts as a clear supply / imbalance area.
Move up looks corrective, not impulsive → favors downside continuation.
Wicks + consolidation suggest buyers are weakening near resistance.
Trade Idea (Based on Chart Setup)
Bias: Bearish / Short
Entry Zone: 0.39 – 0.43
Invalidation (SL): Above 0.435 – 0.44 (clean break & hold)
Targets
TP1: 0.32
TP2: 0.27
TP3 (extension): 0.22 (major demand zone)
RR Profile: Favorable (pullback short into supply
What to Watch
If price rejects the red zone with strong bearish candles, shorts are validated.
A 4H close above 0.435 invalidates the short idea and shifts bias neutral.
High volume rejection = confirmation.
Summary
This looks like a relief bounce into resistance, not a trend reversal.
As long as price remains below the 0.43 supply, downside continuation toward 0.22 remains the higher-probability scenario.
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