#RAVEUSDT– Short Setup from Key Supply Zone

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#RAVEUSDT – Short Setup from Key Supply ZoneRaveDAO/USD Tether SpotBINGX:RAVEUSDTCryptoAnalystSignal#RAVE The price is moving within an ascending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout. A retest of this boundary is expected. The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition. There is a key resistance zone in green at 1.90, which the price has bounced off several times, making it a strong support level. A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level. Entry Price: 1.31 Target 1: 1.19 Target 2: 1.04 Target 3: 0.8870 Stop Loss: At the resistance zone in green. Remember this simple rule: Manage your money wisely. For any questions, please leave a comment. Thank you.