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Crypto Buddies $RAVE is extremely overextended after a massive rally 🥵
Short $RAVE
Entry: $1.3 – $1.40
SL: $1.55
TP1: $1.10
TP2: $0.95
TP3: $0.82
TP4: $0.68
Why:
RAVE has surged over 200%, indicating a parabolic move that is typically followed by a correction. The RSI is above 90, signaling extreme overbought conditions and a high probability of a pullback. Price is also facing resistance near the $1.36 level, with signs of slowing momentum. As buying pressure weakens, a retracement toward key support and moving averages is likely.
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Trade $RAVE here 👇
{future}(RAVEUSDT)