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$RAVE USDT (1h) - Range Breakdown & Bearish Extension
Bias: Short
Entry (Zone): 0.01630 – 0.01680
Targets:
TP1: 0.01580
TP2: 0.01520
TP3: 0.01450
Stop Loss: 0.01735
Why this Setup:
I’m leaning short after a steep, high-volume breakdown that forced the price out of its previous consolidation range, dropping down to a local low of 0.01594. The subsequent attempt at a relief rally was quickly cut short, leaving a clear lower high on the 1-hour chart as sellers stepped back in around the 0.01670 area. With market momentum heavily favoring the downside and previous support flipping into overhead resistance, I expect the price to continue its descent to retest and break below the 0.01594 structural floor.
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