$RAVE Short-term Sharp Drop Analysis & Action Plan 📉

In the past 2.5 hours, $RAVE dropped from 0.356 to 0.342, with a maximum decline exceeding 3%. Observing the 15-minute chart, the drop is mainly due to two "medium" body bearish candles (K lines 2 & 3), accompanied by significant volume increase, indicating a concentrated release of short-term selling pressure. 😰

【Speculated Reasons for the Drop】

1. After a slight rise earlier, resistance was met, forming short-term pressure in the 0.35-0.36 area.

2. The proportion of consecutive bearish candle bodies is high (up to 95.7%), indicating dominance by bears and weak resistance from bulls.

3. The overall market is in a "normal volatility" state, but the average fluctuation is negative, with bearish sentiment slightly prevailing.

【Short-term Strategy】🔥

Key support is at 0.341 (near recent lows). If the price can stabilize at this level and a bullish candle with volume appears, a light long position may be considered, targeting the previous high of 0.35. If it breaks down with volume below 0.34, further declines may occur, and caution is advised.

Current volatility is average; it is recommended to trade with small positions for quick in-and-out, and to set strict stop-losses!

(For reference only, DYOR) 🛡️