$RAVE Continue to stay bearish. It looks like a rebound on the surface, but it could be a trap to lure longs and chase higher.

The current 4-hour short structure is still intact, and the daily chart is also bearish. Price is clearly running into resistance in the 0.30228 to 0.30381 range. On the 15-minute timeframe, the RSI is around 62, and shorts still have room to push lower. Also, the sell-order volume on the 15-minute chart has increased by 1.62x—this isn’t just random noise; it’s solid selling pressure.

You can look for entry opportunities near 0.302, with downside targets at 0.297 or even lower. But don’t go too aggressive—set your stop-loss around 0.31 and manage your risk carefully.