RAVE has recently fallen into a stalemate between bulls and bears. Looking at the 15-minute chart, the RSI reaching 66 is somewhat strong, but when zooming out to the 1-hour chart, the MACD histogram clearly shows decreasing momentum and a bearish divergence, which is quite concerning. The 4-hour RSI remains neutral and doesn't provide much directional guidance.
Even more concerning is that the trading volume has shrunk by 55%, indicating a severe lack of confidence to push higher. In this situation of volume-price mismatch, the risk of chasing the top increases significantly.
From a price perspective, it's currently around the 0.47 level, which is the most intense tug-of-war zone between bulls and bears. If the price can break above 0.485, it would be worth testing the 0.51 level with a small position, with a stop-loss set at 0.475. Conversely, if the price falls below the 0.455 support, it signals a shift to a bearish outlook, with the 0.435 level as the second key support. Only if that breaks should you consider exiting completely, with a stop-loss at 0.465.
My choice is to continue observing. Without clear volume support, chasing the rally feels unsafe. Instead of reckless trading, wait for a solid breakout above 0.485 or a stable pullback to 0.435 before taking action. When a breakout occurs, just exit without overthinking—don't worry about emotions; stop-loss is part of trading costs.
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LiquidationKing
· 9h ago
Mismatch between price and volume is nonsense; keep waiting for signals and stay calm.
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BankruptWorker
· 9h ago
Chasing after a 55% decrease in volume—what kind of gambler does that? It's right to stay on the sidelines.
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AirdropHuntress
· 9h ago
Trading volume shrank by 55%, which is telling you not to mess around. If the signals are unclear, do you still want to chase? I think it's better to wait and see; wait until a breakout occurs.
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BTCRetirementFund
· 10h ago
A 55% decrease in volume, and still daring to chase highs— isn't this a gambler's mentality? I'll first lie flat and wait for signals.
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GameFiCritic
· 10h ago
Trading 55% less volume and still chasing the high, isn't that just going against oneself? Better to wait until the signals are clearer.
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LiquidatedNotStirred
· 10h ago
Still daring to chase after a 55% shrinkage? Isn't that asking for death? I'll just keep lying flat and wait for signals.
RAVE has recently fallen into a stalemate between bulls and bears. Looking at the 15-minute chart, the RSI reaching 66 is somewhat strong, but when zooming out to the 1-hour chart, the MACD histogram clearly shows decreasing momentum and a bearish divergence, which is quite concerning. The 4-hour RSI remains neutral and doesn't provide much directional guidance.
Even more concerning is that the trading volume has shrunk by 55%, indicating a severe lack of confidence to push higher. In this situation of volume-price mismatch, the risk of chasing the top increases significantly.
From a price perspective, it's currently around the 0.47 level, which is the most intense tug-of-war zone between bulls and bears. If the price can break above 0.485, it would be worth testing the 0.51 level with a small position, with a stop-loss set at 0.475. Conversely, if the price falls below the 0.455 support, it signals a shift to a bearish outlook, with the 0.435 level as the second key support. Only if that breaks should you consider exiting completely, with a stop-loss at 0.465.
My choice is to continue observing. Without clear volume support, chasing the rally feels unsafe. Instead of reckless trading, wait for a solid breakout above 0.485 or a stable pullback to 0.435 before taking action. When a breakout occurs, just exit without overthinking—don't worry about emotions; stop-loss is part of trading costs.