$RAVE 0.3973, the 1-hour top divergence has been confirmed. In the past 24 hours, it pumped from 0.314 to 0.537 then crashed back to 0.397, with a trading volume of $360 million. There’s only selling pressure, no buying support. That long upper wick is a clear sign of the main force distributing, not a washout. If you don’t believe me, look at the RSI—the 14-period value dropped from 82 yesterday to 58 now; momentum is exhausted, short-term bullish ammunition is spent, and anyone who chased the highs is now bag-holding on the mountainside.

Let me state a fact: 0.537 is the precise resistance level at the previous high of 0.55. It hit that level and immediately retraced 26%, with the Bollinger Bands upper band simultaneously tightening—this is a classic fakeout trap. Don’t give me that "it will rally again after the washout" nonsense. A washout doesn’t come with massive sell orders. The 24-hour high and low differ by 70% in amplitude—that’s not normal volatility, it’s a liquidity hunt. The MACD fast and slow lines have already formed a death cross above the zero line, with bearish histogram bars expanding. The only technical support is the EMA100 at 0.36, but that’s still 10% away from the current price.

Trading suggestion: At the current price around 0.397, there is no entry point. Aggressive traders can place short orders at 0.47-0.48, stop loss at 0.51, target 0.35-0.32, and keep position size under 3%. Conservative traders should wait for a pullback to around 0.32 before considering going long, but only if the 0.32 level shows volume-supported stabilization. If it breaks 0.36 directly with shrinking volume, then the 0.31 low will likely be retested. Do not go long—wait at least for a daily-level bottom divergence before taking action.

I personally placed a light short at 0.44, purely based on technical logic. No grand vision—just a swing trade for a quick profit. If you want real-time divergence updates and intraday volume changes, come stalk my profile yourself. I won’t send alerts. In the comments, you can place a bet: can RAVE hold 0.38 before 8 AM tomorrow? Winners can go brag on the plaza themselves; I won’t acknowledge it.