$RAVE
⬇️ $RAVE hit with 8.4x sell volume spike, is this over or just starting?
- I expect further downside in the short term. This volume anomaly and -5% sell-off likely marks strong distribution by big players, not just panic retail sellers.
- Unless there is immediate absorption and a powerful bullish reversal signal, the path of least resistance remains down.
- For a trade: Wait for a bounce to 0.2830–0.2854. If price gets rejected there with a bearish candlestick (such as a pin bar, bearish engulf, or M5/M1 lower high), consider entering a short.
- First profit target: 0.2756 (previous local low/support)
- Second profit target: 0.2653 (next support)
- Only flip bullish if price reclaims and holds above 0.2884 with strong momentum and volume. In that case, look for a reversal setup instead.
- Your stop should go above the latest swing high or above 0.2884 if you enter from resistance.
📝 This is not investment advice, just an educational analysis. Massive volume spikes like this usually mean the market is in the process of shaking out weak hands or repositioning by smart money. Trade with confirmation and be patient—don't chase moves, wait for your setups!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#RAVE
⬇️ $RAVE hit with 8.4x sell volume spike, is this over or just starting?
- I expect further downside in the short term. This volume anomaly and -5% sell-off likely marks strong distribution by big players, not just panic retail sellers.
- Unless there is immediate absorption and a powerful bullish reversal signal, the path of least resistance remains down.
- For a trade: Wait for a bounce to 0.2830–0.2854. If price gets rejected there with a bearish candlestick (such as a pin bar, bearish engulf, or M5/M1 lower high), consider entering a short.
- First profit target: 0.2756 (previous local low/support)
- Second profit target: 0.2653 (next support)
- Only flip bullish if price reclaims and holds above 0.2884 with strong momentum and volume. In that case, look for a reversal setup instead.
- Your stop should go above the latest swing high or above 0.2884 if you enter from resistance.
📝 This is not investment advice, just an educational analysis. Massive volume spikes like this usually mean the market is in the process of shaking out weak hands or repositioning by smart money. Trade with confirmation and be patient—don't chase moves, wait for your setups!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#RAVE