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#区块链[超话]# RAVE
RAVE 30-minute chart shows a sharp decline trend, current quote is 11.77, intraday drop exceeds 14%, the bearish rhythm is fully established.
Core signals on the market
• Moving average suppression: Price sharply falls below MA7 and MA25 moving averages, and the moving averages are arranged in a bearish pattern, forming strong resistance above, with no resistance to rebounds.
• Pattern structure: From the high point of 18.56, it has rapidly declined, currently testing the 11.61 support, a typical weak unilateral decline, with no signs of stopping the fall.
• Volume performance: During the volume decline, rebound volume continues to shrink, indicating that the bulls have no capacity to support, and the bears dominate the scene.
Trading suggestions
Rebound is a good opportunity to short: reference range 12.00-12.50, gradually short on rallies, no clear support signals for bottom-fishing, do not blindly catch falling knives.