#US-IranTalksStall

RAVE/USDT Under Pressure: Bears Dominate as Key Support Gets Tested
$RAVE ‌
The RAVE/USDT pair is currently trading around $1.085, reflecting a sharp -16% decline over the past 24 hours. Both the 30-minute and 1-hour charts confirm a strong bearish structure, with price consistently riding the lower band of the Bollinger Bands, signaling sustained selling pressure.

On the higher timeframe (1H), the market has printed a clear sequence of lower highs and lower lows, indicating trend continuation to the downside. The mid-band (around $1.21) is acting as dynamic resistance, while price remains compressed near the lower band — a typical sign of weak demand and possible continuation unless a reversal catalyst appears.

Meanwhile, the MACD shows bearish momentum, with the signal lines below zero and no strong bullish divergence yet. This suggests that any upward move may remain corrective rather than a full reversal.

📊 Key Levels to Watch

Resistance Zones: $1.12 – $1.15

Major Resistance: $1.20 – $1.25

Support Levels: $1.03

Breakdown Target: $0.99 – $0.92

📉 Trade Plan

🔴 Bearish Scenario (Primary Setup)

Entry: Pullback into $1.10 – $1.13

Stop Loss: Above $1.18

Targets:

TP1: $1.03

TP2: $0.99

TP3: $0.92

👉 Strategy: Sell on weak bounces. Trend is your friend here, and rallies are likely to be sold into unless structure changes.

🟢 Bullish Scenario (Counter-Trend)

Entry: Strong reclaim and close above $1.15

Confirmation: Volume expansion + bullish candle structure

Targets:

TP1: $1.20

TP2: $1.25

👉 Note: This is a risky counter-trend trade. Only consider if momentum shifts clearly.

⚠️ Final Insight

The market is currently in a distribution-to-markdown phase, with liquidity likely resting below $1.00. Until price reclaims the mid Bollinger Band on higher timeframes, the bias remains bearish.

Patience is key—avoid chasing bottoms in a downtrend. Let the market come to your levels.