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$RAVE is moved like a ghost. Literally nobody was watching this a week ago and now it’s making vertical moves that don't even look real.
The daily candle is massive but look at that wick at the top. We hit $4.74 and got swatted back down pretty fast. That tells me the big players are starting to take some heavy profits.
Volume is sitting at 2B which is insane for a project this small. If we can’t hold the $4.00 level as support on the next retest, this could retrace back to the $3.20 zone faster than it went up.
I’m staying cautious here. Chasing a 90% daily pump is usually how accounts get wrecked. I’d rather wait for a cooling period and see if it builds a proper floor.
What are you guys doing? Still holding or already out?
#GateSquareAprilPostingChallenge