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🚨 $RAVE Short 20x – Clean Rejection Setup
RAVE is showing rejection from the 0.55178 – 0.56121 resistance zone, and I’ve opened a Short 20x Isolated position based on this structure.
📊 Trade Plan:
Entry: 0.55178 – 0.56121
TP1: 0.52821 (R:R 1:1)
TP2: 0.51878 (R:R 1:1.3)
TP3: 0.49992 (R:R 1:2)
Stop Loss: 0.58478
📉 Why this setup:
The 4H structure remains bearish, with price rejecting the key 0.55–0.56 resistance zone.
15m RSI at 11 indicates extreme oversold conditions → short-term relief bounce is possible, so continuation is key.
Volume is weak (0.01x expected) with 57.5K traded vs 4.18M expected → suggests reduced demand and ongoing sell pressure.
⚠️ Risk Reminder: 20x leverage is very aggressive. Strict stop-loss discipline is essential to avoid liquidation in volatile moves.
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