📉 $RAVE / USDT SHORT SETUP — BEARISH BREAKDOWN INCOMING! 📉
RAVE (RaveDAO) is facing massive selling pressure today, dumping over -28.38% and currently trading at 0.3712! 🔴 The 24h trading volume is hit with 260.55M USDT (617.67M RAVE), showing that bears are heavily aggressive and dominating the order book! 🐻💥
Here is my strategic Short Setup based on the 1H timeframe bearish continuation structure:
⚡ ENTRY ZONE: 0.3710 - 0.3950 $ 🛒
🎯 TARGET 1 (TP1): 0.3432 $ (Immediate Support Test) 💰
🎯 TARGET 2 (TP2): 0.3000 $ (Psychological Support Target) 💎
🛡️ STOP LOSS (SL): 0.4150 $ (Strict Risk Management!) 🛑
⚠️ Market Analysis:
As clearly highlighted by the green downward arrow, RAVE is forming lower-highs and is on the verge of breaking its crucial support line at 0.3432. A clean hourly candle breakdown below this level will accelerate the panic selling straight toward $0.3000! Always manage your leverage properly.
Are you shorting this breakdown or looking for a spot buy at the bottom? Share your view below! 👇🗣️
#RAVEUSDT #technical_analysis #BinanceSquareFamily #TradingSignals #Write2Earn
$ACT $NFP
RAVE (RaveDAO) is facing massive selling pressure today, dumping over -28.38% and currently trading at 0.3712! 🔴 The 24h trading volume is hit with 260.55M USDT (617.67M RAVE), showing that bears are heavily aggressive and dominating the order book! 🐻💥
Here is my strategic Short Setup based on the 1H timeframe bearish continuation structure:
⚡ ENTRY ZONE: 0.3710 - 0.3950 $ 🛒
🎯 TARGET 1 (TP1): 0.3432 $ (Immediate Support Test) 💰
🎯 TARGET 2 (TP2): 0.3000 $ (Psychological Support Target) 💎
🛡️ STOP LOSS (SL): 0.4150 $ (Strict Risk Management!) 🛑
⚠️ Market Analysis:
As clearly highlighted by the green downward arrow, RAVE is forming lower-highs and is on the verge of breaking its crucial support line at 0.3432. A clean hourly candle breakdown below this level will accelerate the panic selling straight toward $0.3000! Always manage your leverage properly.
Are you shorting this breakdown or looking for a spot buy at the bottom? Share your view below! 👇🗣️
#RAVEUSDT #technical_analysis #BinanceSquareFamily #TradingSignals #Write2Earn
$ACT $NFP