📉 $RAVE
UNDER PRESSURE? THE PARTY IS CRASHING! 📉 (Short)
ENTRY: 0.5710 – 0.6050 🎯
SL: 0.6450 🛡️
TP 1: 0.5250 💰
TP 2: 0.4800 🔥
TP 3: 0.4500 🚀
🕵️ Why are we shorting RAVE?
Massive Liquidity Sweep: Your chart shows RAVE recently spiked to a high of 0.60995, sweeping previous highs before immediately facing a sharp rejection. This "fakeout" above resistance is a classic sign that the pump has run out of gas. 🛑
Bearish MACD Divergence: On the 1H chart, while the price was attempting to stay high, the MACD lines (DIF and DEA) are already curling downward and the histogram has turned red. This "hidden bearish divergence" suggests that the underlying momentum is shifting to the downside. 📉
Long Wick Rejection: Notice the long "upper wicks" near the 0.610 zone? This proves that there is a massive supply wall at the top, with whales using the retail hype to dump their positions. 🪤
Volume Exhaustion: The buying volume is steadily decreasing on every upward attempt. Without new "buy-side" fuel, the price is likely to undergo a mean reversion toward the previous support zone at 0.466. ⛽
