$RAVE The current surge may just be a trap. Everyone is blindly chasing higher prices, and I’m more inclined to look bearish at this level.
Right now, the 4-hour structure is still bearish, and the daily background is also weak. There is clear resistance in the price range of 0.28280 to 0.28400. On the 15-minute timeframe, the RSI is around 52, momentum is neutral, leaving room for further downside; also, the trading volume has increased by 1.6 times, and the sell orders are indeed active.
You can look for short opportunities near 0.28280, targeting 0.27880 and even around 0.27100. Place the s