【$RAVE Signal】Long - 1H breakout pullback confirmation, funds actively supporting the market

$RAVE The 1H timeframe has experienced a volume surge and is currently in a healthy pullback phase. The price is oscillating around 0.590, with the 1H EMA20 (0.5710) providing dynamic support. The latest 4H candlestick closed at 0.59067, stabilizing above the previous high area. The key point is: while the price has increased by 12.82%, open interest (OI) remains stable, and the bid depth (bid_ask_ratio_depth=1.67) is significantly better than the ask side, indicating that main funds have not exited but are actively supporting at this price level. The 1H RSI (58.84) has healthy retraced from the overbought zone, preparing for another upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.5880 - 0.5920 (Reason: Pullback to 1H EMA20 support zone and the upper boundary of the previous dense trading area )

🛑Stop Loss: 0.5700 (Reason: Break below 1H EMA50 strong support and previous low at 0.5684 )

🚀Target 1: 0.6150 (Reason: Testing the previous high resistance at 0.61588 )

🚀Target 2: 0.6350 (Reason: 1.5 times ATR extension level )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Hot coins are highly volatile, risk control is essential )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price strongly breaks through 0.6160, move the remaining stop loss to 0.6050 to aim for Target 2.

Depth logic: Market depth imbalance reaches 25.06%, with concentrated buy strength. On the 4H level, the price has broken above the recent consolidation range (0.580), indicating a bullish trend. Although the funding rate (0.0050%) is positive, its absolute value is not high, posing no significant short squeeze risk. Combining market logic signals “price rising, main funds entering or short covering,” along with active buy transactions (is_taker_buying: true), suggests a bullish breakout followed by consolidation, with potential for a second upward attack.

View real-time market 👇 $RAVE

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