📢
$RAVE / $USDT | 🔴 SHORT | ⭐ 70%
🎯 Objective: $0.24708. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.2524
🛑 Stop Loss: $0.2552
🏁 TP1: $0.24708
🏁 TP2: $0.244
📉 Analysis:
The structure of
$RAVE shows a complete bearish alignment across timeframes of 4h, 1h, and 15m, confirming a predominantly downward trend. The ADX at 27.51 indicates strong trend strength, while the bearish MACD crossover (an indicator that measures momentum strength and direction) along with sustained selling pressure validates the bearish bias. Price is struggling below the 20 and 50 EMAs, reflecting a lack of structural demand.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1H
📐 Technical confidence: 5/5
The invalidation level is set at the Stop Loss, protecting the position in case of a potential technical rebound. The bearish thesis will remain valid as long as price fails to consolidate above the immediate resistance, keeping a close eye on volume to confirm a break of support at $0.2517.
Do you think the selling volume will be enough to break the current support?
💡 This analysis is for educational purposes only and is not financial advice. Do your own research and decide calmly.
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