Is anyone still thinking about $RAVE ??? Do they have to make a profit and win before they’re willing to let go???

$RAVE tested the $0.88 resistance under short-selling pressure

Key levels: The price is between the support levels of $0.853/$0.835 and the resistance levels of $0.882/$0.912.

Buy setup: In the case of volume stabilization, gradually build positions near the dip at $0.853 or near the Bollinger Band support at $0.835.

Sell setup: If the 4-hour supply zone shows price pressure, reduce positions at the EMA convergence at $0.882 or at $0.912.

RAVE’s current trading price is $0.877, rebounded from the low of $0.833, with the 1-hour high forming a downward-shifting pattern, and volume stabilizing.

The key resistance is at $0.882 (EMA25). If it can be effectively broken through, it may further rise to the supply zone at $0.912 and gain momentum confirmation.

Support remains at $0.853; if broken, it will open the way to the invalid zone at $0.835, which is the intersection point of the lower Bollinger Band.

RSI’s rebound indicates momentum may be exhausted, but whether the trend can be confirmed still depends on whether $0.882 can be retaken and accompanied by increased buying strength.

The bears still dominate, with 57% of positions in a bearish stance, and most are short positions, increasing by 17% from the previous high entry.

The bulls are still in a floating loss, which poses a potential closing risk below the $0.835 support level, as this area contains many stop-loss orders.

Large traders’ positions tend to lean downward unless the resistance at $0.882 can be effectively broken through, accompanied by significant volume confirmation and breakout momentum, otherwise downward pressure will persist.

Smart money flow indicates that more profit-taking is happening rather than complete capitulation, with top traders gradually reducing their long exposure.

Faced with mixed signals from the futures market, traders are generally cautious about the potential risk of a pullback.

The lack of official announcements further intensifies volatility driven by speculation, and community opinions on market direction remain divided.

Short-term: Consider shorting on a rejection at $0.882 or doing quick rebounds near the support at $0.853, with strict stop-loss settings; also closely monitor volume spikes to verify entry timing.

Medium-term: Wait for the price to effectively close above $0.882 before aiming for the supply zone at $0.912; avoid blindly chasing the rally without confirmation.

Long-term: Only when the broader market structure stabilizes vertically and continues to receive buying support can positions be gradually built around $0.835.