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$RAVE /USDT: Bounce or New Bottom? Action Plan! 📊
The $RAVE coin is showing crazy volatility! After dropping from an all-time high of $28.63, the price found support around $10.00 – $11.20. Now we see a battle for this level, and here’s how to profit from it:
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💎 "Bounce Catch" Scenario (Long):
Entry: $11.20 – $11.50 (current levels)
Target 1: $14.70 (local resistance)
Target 2: $19.60 (return to distribution zone)
Stop-loss: $9.80 (below the $10.00 level)
⚠️ "Support Breakout" Scenario (Short):
Entry: below $10.00 with confirmation on the 4-hour timeframe
Targets: $8.30 and below down to $6.40 (nearest strong buyer zone)
Stop-loss: $11.30
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Why is this important now?
RSI oversold: On smaller timeframes, indicators signal a possible correction of the upward move.
Volumes: High futures dominance persists, which could lead to a sharp “squeeze” in either direction.
Liquidations: Huge open interest creates fuel for a strong move.
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What do you think? Are we heading for a new high or $RAVE — is this a “trap” for bulls? 👇 Share your thoughts in the comments!