$RAVE You can keep an eye on the short side. The sellers are starting to step in now, and this level is worth watching.

Right now, the 4-hour short structure is still intact, and the overall daily chart is also bearish. The price is clearly unable to push up in the 0.30630 to 0.30810 range—there are very obvious rejection signals. Looking at the 15-minute chart, the RSI is around 56. There’s still room for the bears to push down, and it hasn’t reached oversold yet. Also, the short-term trading volume has expanded— the sell orders look fairly real, not just a fake-out.

If you plan to enter, watch for possible entry opportunities near 0.30630 to 0.30810. On the downside, targets could be 0.30050 and even 0.28930. For defense, you can place it above 0.31610. Everyone, manage risk in your trades—don’t go too heavy chasing. Decide whether to take a short-term trade or wait for it to break down completely.