🌪 3.1x Sales Volume Peak at $RAVE , distribution or restructuring?
- Given the enormous peak in volume, the strong bearish momentum, and the breakdown of oscillation equilibrium, I expect more decline in the short term. This seems like distribution by smart money, not just panic selling.
- The most likely price action: a weak bounce in the area of 10.13-10.34, followed by another leg down towards the support of 9.66. If this breaks, moves to 8.88 and possibly 8.56 may follow.
- Example of a short sale setup: Wait for the price to enter the 10.13-10.34 range, then look for a bearish reversal pattern (e.g., pin bar, bearish engulfing, or a clear lower high at 5 million). Place the short if these conditions are met, initially targeting 9.66, then 8.88. Set the stop-loss above the swing high that forms the lower high.
- If the price recovers and stays above 10.34, especially with strong bullish candles and a recovery of 11.26, this would invalidate the bearish setup — step back or reconsider your bias.
- Do not short blindly at support — always wait for a new test and rejection at resistance for a higher probability.
📝 This is not investment advice, just an educational report! Always use proper risk management and wait for confirmation before starting trades, especially during high volatility.
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