【$RAVE Signal】Pullback to Long + 1H Level Strong Support Confirmation

$RAVE The 1H level has experienced a massive rally and is now undergoing a healthy pullback confirmation. The current price is supported above the 1H EMA20 (0.2989), and the 4H level has just broken through the previous consolidation zone with increased volume, indicating a shift from weak to strong trend structure. Open interest remains stable, and negative funding rates suggest bearish pressure, but the price remains firm, with potential for short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.3200 - 0.3250 (Reason: Support level and EMA20 area on the 1H chart during pullback)

🛑Stop Loss: 0.3050 (Reason: Break below key previous low on the 1H chart and ATR lower band)

🚀Target 1: 0.3650 (Reason: Previous high resistance and 1.382 Fibonacci extension level)

🚀Target 2: 0.3920 (Reason: Previous high on the 4H chart and 1.618 Fibonacci extension level)

🛡Trade Management:

- Position Size: Light (Reason: Intraday volatility has exceeded 30%, very high risk)

- Execution Strategy: After reaching 0.3650, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.3250. If the price fails to hold above 0.3400 and drops back below the entry zone, consider exiting early.

Deep Logic: The trading volume in the past 4 hours has exploded, indicating the involvement of major funds. The 1H RSI (63.44) is in a healthy, slightly strong zone, not overbought, leaving room for further upward movement. Market depth shows buy orders (52.06%) are slightly dominant, but there is also significant selling pressure above, so expect repeated turnover in the current zone. The key is whether the price can stabilize above 0.3200, which is the lifeline for the bulls to launch a second attack.

View real-time quotes 👇 $RAVE

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