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$RAVE (1h) - Bearish Rejection Short
Bias: Short
Entry (Zone): 0.6240 - 0.6300
Targets:
TP1: 0.6085
TP2: 0.5970
TP3: 0.5805
Stop Loss: 0.6475
Why this Setup:
I’m favoring a short here because price is still making lower highs inside a weak bounce, and the rejection from the 0.64 area keeps the downside structure intact. I want to fade strength into resistance and look for continuation back toward the recent lows if momentum stays heavy.
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