【$RAVE Signal】Pullback to Long + 1H Strong Consolidation, Waiting for Second Breakthrough

$RAVE The 1H timeframe has experienced a massive surge yesterday and is currently consolidating strongly at high levels. The 4H large bullish candle confirms an upward trend. The current price is supported above the 1H EMA20 (0.6220). RSI on the 1H chart (60.08) is healthy during the pullback, indicating a typical strong upward continuation pattern. Open interest remains stable, funding rates are very low, with no short squeeze risk, and the main force is clearly supporting the market. Sell orders are stacked around 0.648, serving as a key short-term resistance. Breaking through this level could open up space for further gains.

🎯Direction: Long (Long)

🎯Entry/Order: 0.640 - 0.645 (Reason: Retracement to 1H EMA20 support zone and consolidation platform after yesterday’s rally )

🛑Stop Loss: 0.625 (Reason: Falling below the strong 1H EMA50 support and the previous 1H candle low )

🚀Target 1: 0.695 (Reason: Previous high resistance level, also yesterday’s high )

🚀Target 2: 0.750 (Reason: Based on ATR-calculated 1.618 extension level )

🛡️Trade Management:

- Position Size Recommendation: Light (Reason: After a significant rally, this is a secondary game, risk control is necessary )

- 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 fails to break 0.648 and falls back into the entry zone, consider actively exiting.

Deep Logic: The 4H timeframe saw a volume-driven long bullish breakout from nearly a month-long consolidation, indicating a trend reversal to bullish. Although the latest 1H buy ratio dropped to 0.45, the price did not fall sharply, showing selling pressure is being effectively absorbed. Open interest remains stable, indicating that long positions are not exiting en masse. The order book depth imbalance of -24.97%, with slightly thicker sell orders, signals that a volume breakout is needed. The 1H RSI has healthy retraced from overbought territory, preparing for another upward move.

View real-time market 👇 $RAVE

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