Is the $RAVE party over? 📉
(RAVE/USDT) just pulled off a massive +27% pump, but the charts are starting to whisper "reversal." 🤫
After a failed breakout at 0.79, we’re seeing a bearish engulfing pattern on the 1H. The price is slipping below the EMA(7), and the bulls are losing steam. 📉
The Game Plan (Short Setup):
⚡️ Entry: Below 0.5600-0.5700(Confirmation on EMA 25 break)
🎯 Targets: 0.5200 | 0.4994 | 0.4550 (Final Boss)
🛑 Stop Loss: 0.6150
📍 Why this matters:
🔹 Liquidity is drying up at the highs and volume is spiking on the red candles. If we lose the 0.56 support, expect a fast trip to the 0.49 level.
🔹 Risk Tip: Keep an eye on $BTC —if King Crypto pumps, this short might get squeezed!
RAVEUSDT
Prep
0.5954
+23.16%
BEATUSDT
Prep
2.5591
-24.96%
#RAVE #CryptoTrading #Altcoins #TradingSignals #BitcoinETFMajorInflows