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Most people are going to get wrecked chasing this $RAVE pump right now.
Looking at this vertical move, it’s basically gone parabolic. We just wicked all the way up to 10.10 and now there’s some clear profit taking happening. The volume is huge, but candle wick that long usually means the buyers are starting to get exhausted.
I wouldn’t be surprised to see a sharp pullback toward the 6.20 or even 4.00 area just to find some actual support. Entering here is pure gambling unless you like holding bags during a 40% correction.
I’m waiting for the dust to settle before even thinking about a scalp. If you're in profit, might be a good time to at least take your initial out.
Don't let FOMO ruin your week.
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