Been watching RAVE bounce around this zone. Current price sitting at $1.96, down 11.91% in 24h, but the chart's showing some interesting reversal signals for a counter-trend play here. This one's definitely high-risk though, so size accordingly.



Looking for that consolidation pattern first before entering anywhere between 0.95-1.05. If we can hold above 0.78 (the recent floor), there's potential for a riven counter move building up. Break below that and the structure falls apart, so that's your hard stop.

If this reversal setup plays out, watching for TP targets around 1.50, then 2.80, and the major resistance sitting up at 4.20. It's a speculative setup, but the risk-reward could be worth it if the pattern holds. Just remember this is counter-trend, so patience and discipline on entries matter more than FOMO.
RAVE-13,58%
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