RAVE has completed a deep washout, and rebound correction has begun!

Recently, RAVE experienced a violent spike washout, touching a low of 1.5739 before strongly rebounding.
It is currently stabilizing above the key level of 2.14, with the moving average system showing a bullish alignment, and the bottom support is extremely strong.
From a capital perspective, the open interest remains high, indicating that the main force is only washing out and not selling off;
Funding rates have turned negative, with the long-short ratio at 77.47%, and retail investors are extremely bearish.
This is a typical signal of the main force reverse harvesting, and the conditions for a rally are now in place.
In the short term, focus on the support zone of 2.05-2.10; a pullback is an opportunity for low-cost entry.
The resistance above is the previous high of 2.28; breaking through may push toward 2.45.
⚠ Reminder: #RAVE is a high-volatility altcoin, so trading should be done with a small position, with strict stop-loss set at 1.95.
Trade rationally, and avoid blindly chasing gains or panic selling. $RAVE ‌#Gate广场四月发帖挑战 #以太坊基金会已出售3750枚ETH