$RAVE After 70x Pump ... Pullback or Next Leg Up?
RAVE made a massive move and now faced a clear rejection near the $15.0 zone. This is a strong resistance area, and such sharp rallies usually get a correction before the next move.
Right now, price is at a decision zone. If sellers stay strong, we can see a pullback toward $11.0 – $10.0 as a healthy correction. But if buyers defend above $12.5 and momentum builds again, then another push toward $15.0 and even $18.0+ is possible.
Trade Idea:
Wait for confirmation.
Above $15.0 = bullish continuation
Below $12.5 = likely correction phase
Market is hot, but chasing here is risky. Let the setup come to you.
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