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$RAVE The bears are coming strong! 🔥
After breaking the key trend line at 0.453 on the 1-hour chart, it was directly pushed back to the origin by the bears! The current price of 0.43806 is more than 3% away from the trailing stop line, indicating obvious selling pressure.
After the MACD death cross, the momentum histogram rapidly shrank by nearly 90%, and the bearish trend is accelerating! 🩸
Although the price has returned to the starting point of the decline, there are multiple resistances above, and the bulls are unable to mount a comeback. Be cautious of trend continuation; the first support below is at 0.436.