Look at that vertical move. Honestly, $RAVE ‌ is moving like it’s got a personal vendetta against the bears.


We just went from $6 to over $14 in what feels like a blink. The 24h volume is sitting at a massive $3.75B which shows this isn't just some fake pump, there is real liquidity moving here.
But here is the reality check. We are currently seeing a long wick at the top near $15.90. That usually means profit taking is hitting hard. When a chart goes parabolic like this, the gap between the price and the support levels becomes a massive "air pocket."
If we can't flip $14.30 into solid support, I’m looking at a sharp retracement back toward the $9.80 area to fill some of that imbalance. It’s a high reward play but the risk of getting caught in a "blow-off top" is peaking right now.
I’m watching the 1H candles closely. If the volume starts fading while the price stalls, the party might be over for a bit. Stay sharp.

#Gate13thAnniversary
RAVE53,4%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin