📉 RAVE/USDT Short Setup: Bearish Rejection at Resistance
$RAVE is showing signs of exhaustion after a parabolic move. The 4H chart reveals a sharp rejection at the 0.60 supply zone, forming a potential "bull trap" for late buyers. With price now breaking below the immediate 4H structure, the momentum is shifting in favor of the bears.
🎯 The Setup:
Trade Type: Short (Perp)
Entry Zone: $0.508 - $0.520
Take Profit 1: $0.450 (Immediate Support)
Take Profit 2: $0.374 (Strong Liquidity Zone)
Stop Loss: $0.562 (Above the recent swing high)
🧠 Technical Logic:
Supply Rejection: A massive wick at $0.609 indicates heavy selling pressure from whales/market makers.
Volume Climax: The recent spike in volume followed by a price drop suggests a "blow-off top" scenario.
Risk/Reward: This setup offers a clean 1:2.5+ R/R ratio, targeting the consolidation base where the breakout originally started.
⚠️ Risk Warning: RAVE is highly volatile. Use proper leverage (3x-5x recommended) and never risk more than 1-2% of your capital on a single trade.
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