$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.

#GateSquareMayTradingShare
RAVE-8.96%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned