$RAVE Approaching Short Position (Binance Square Original Chinese Complete Rewrite)
RAVE is nearing our short position! Bullish momentum is weakening, and significant signs of trend reversal are evident after a major rise.
Short Plan:
Entry Price: 0.52560
Take Profit: TP1 0.40000 → TP2 0.30000
Stop Loss: 0.62223 🔥 Leverage 15x
Market Interpretation
After a surge, bulls are exhausted, typical reversal structure. Current price around 0.00002419 (daily low/high same), yearly high 0.00115, selling pressure dominates the distribution phase.
Trading Logic
Ideal short position near 0.52560, breakthrough stop loss confirms acceleration of shorts. Combined with volume 12.78 to verify selling strength.
RAVEUSDT
Perp
0.59251
+8.81%
$PIPPIN
PIPPINUSDT
Perp
0.37401
+3.45%
LUNA
0.1136
+1.70%
