Publikovat
$RAVE
The RAVE/USDT chart is in a clear downtrend, the top and bottom structure is gradually lower. However, the market is showing a technical recovery from the short-term bottom of 0.5103.
• Technical Signal: The current price (0.5664) has cut up to MA5 (0.5593) but is still under great pressure from the top by the moving average system: MA10 (0.5736), MA20 (0.5914) and MA30 (0.6126). These MA lines are sloping down, acting as strong resistance areas. The bottom-catching trading volume had a slight increase but not enough mutations to reverse the big trend.
• Scenario: This is a scalping/Short-term buy order, high risk due to the reverse of the main trend.
Trading Recommendation
• Strategy: BUY WAVES (Long) with a small position, strict capital management.
• Purchase point (Entry): 0.5500 – 0.5650.
• Profit target (TP): 0.5900 (MA20 zone) and the maximum is 0.6100 (MA30 zone).
• Stop loss (SL): 0.5350 (below the nearest pull-off candle).
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