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$RAVE | 1h | Bearish Breakdown Retest
Bias: Short
Entry Zone: 0.2820 to 0.2860
Stop Loss: 0.2965
Targets:
TP1: 0.2740
TP2: 0.2660
TP3: 0.2520
Invalidation:
Close above 0.2965
Why This Setup:
I see a clear breakdown from the 0.30–0.31 supply area, followed by a weak bounce that is struggling to reclaim lost support. As long as price holds below 0.2860, I’m treating this as a retest setup with room to rotate back toward the prior lows.