$RAVE
There was a sharp and rapid decline towards the support area — with the possibility of a rebound opportunity.
🟢 LONG trade on $RAVE
📌 Entry area: 0.275 – 0.295
⛔ Stop loss: 0.245
🎯 First target: 0.335
🎯 Second target: 0.395
🎯 Third target: 0.460
A strong liquidation occurred at $RAVE with a strong selling candle that brought the price down to the range of 0.25 – 0.28. Such violent movements often create a short-term selling saturation and open the door for a corrective rebound.
The price is now trying to stabilize above the last low near 0.256, indicating the entry of new buyers. Staying above 0.275 enhances the likelihood of rising first towards 0.335, then 0.395 if momentum increases.
As long as the level of 0.245 holds, the rebound hypothesis remains valid. However, breaking it downwards cancels the buying scenario and indicates the continuation of the downward trend.
RAVEUSDT Perp
Current price: 0.29248 (-57.11%)
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