$RAVE Long Liquidation: $1.1064K at $0.53864
Long traders were caught as RAVE failed to hold above the short-term support and pulled back sharply. Buyers expected continuation after the recent push, but selling pressure entered quickly, triggering stop losses and forcing longs to exit. Liquidity below the range was taken cleanly, showing short-term control shifted back to sellers.
Entry (EP): $0.54020
Take Profit (TP): $0.52000
Stop Loss (SL): $0.55200
Market Outlook:
$RAVE is facing short-term bearish pressure after losing the liquidation level. If price stays below this zone, further downside or choppy consolidation is likely. Bulls will need a strong reclaim with volume to regain momentum. Trade patiently and manage risk with strict discipline.
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