$RAVE Analysis: Strong Recovery

$RAVE is demonstrating a strong recovery, holding above demand after a sharp impulse move. The structure appears controlled, with dips being absorbed by buyers.

Key Points

Recovery A strong bounce from demand, indicating buyer interest.

Controlled structure The market structure suggests buyers are in control.

Dips absorbed Buyers are stepping in to absorb selling pressure.

Trading Plan:

- Entry: 0.595 – 0.620

- Stop-loss.0.560

-Targets:

- TP1. 0.680

- TP2. 0.750

- TP3. 0.880