I honestly can’t tell if $RAVE is about to moon or if this is the ultimate trap for late buyers.
Look at that massive vertical candle hitting the $0.58450 mark. It basically ignored every minor resistance level on the way up after bottoming out near $0.35703 yesterday.
Right now we’re hovering around $0.565, and while the 51% pump looks amazing, that rejection wick at the top is starting to look a bit heavy. If it can’t flip $0.58 into support soon, we might see a fast flush back down to the $0.49 area to consolidate.
Volume is massive at over 211M, so the interest is definitely there. I’m just waiting to see if this hourly candle closes green or if the profit taking starts in earnest.
RAVEUSDT
Prep
0.51393
+21.60%