$RAVE Rejection at $28 ... Distribution Phase Activated, Shorts in Control
$RAVE printed a clean rejection from the $28 supply zone, showing signs of exhaustion after an extended rally. Price is now forming lower highs with weakening momentum, indicating a possible shift from markup to distribution. Sellers are stepping in aggressively, and liquidity above highs has likely been taken.
Trade Setup (Short)
Entry: $25.5 – $26.5
Stop Loss: $28.5
Take Profit: $23.5
TP2: $21.5
TP3: $19.0
Structure is starting to roll over on lower timeframes. If price continues to hold below the rejection zone, expect further downside expansion. Smart money is likely offloading here while late buyers get trapped.
Click below to Take Trade
RAVEUSDT
Trvl
0.94632
-10.35%