$RAVE The overall trend is still bearish, so the short idea aligns with the higher-timeframe trend.
⚠️ However, price is already very close to the 24h low ($0.2812). Shorting after a 20% drop increases the risk of a relief bounce.
📈 The recent volume spike suggests buyers are starting to react, which could lead to short-term volatility.
The targets are technically possible if RAVE fails to reclaim $0.30 and the market remains weak.
My decision
Do not market short at $0.2872.
A better approach is to wait for a bounce toward $0.295–0.305 and look for bearish rejection before entering.
If you already have a short from within the entry zone, holding with proper risk management is reasonable. #rave
⚠️ However, price is already very close to the 24h low ($0.2812). Shorting after a 20% drop increases the risk of a relief bounce.
📈 The recent volume spike suggests buyers are starting to react, which could lead to short-term volatility.
The targets are technically possible if RAVE fails to reclaim $0.30 and the market remains weak.
My decision
Do not market short at $0.2872.
A better approach is to wait for a bounce toward $0.295–0.305 and look for bearish rejection before entering.
If you already have a short from within the entry zone, holding with proper risk management is reasonable. #rave