【$RAVE Signal】Long! 1H strong breakout above EMA50, short squeeze underway

$RAVE The 1H timeframe experienced a sharp shakeout in the early session, then between 06:00-07:00, a massive breakout through the key resistance at 0.308, and a strong hold above the 1H EMA50 (0.3052), forming a V-shaped reversal. Although the 4H timeframe is still in the rebound phase after a downtrend, a single 4H bullish candle has a large real body, engulfing the previous two days' declines, indicating strong buying pressure. The negative funding rate (-0.0005%) combined with the strong price action suggests potential for a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.304 - 0.307 (Reason: Rebound to the 1H EMA50 support zone and confirmation after breakout )

🛑Stop Loss: 0.295 (Reason: Break below the massive 1H low at 0.287 )

🚀Target 1: 0.325 (Reason: Previous wave high and initial 4H resistance )

🚀Target 2: 0.345 (Reason: Resistance at the lower boundary of the platform before the February 22 crash )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Intraday volatility is extremely high, ATR reaches 0.0241 )

- Execution strategy: After reaching 0.325, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.307. If the price fails to hold above 0.307 and falls back, exit all positions.

Deep logic: Market logic indicates “price rising, consider position size based on open interest,” with stable OI, and price driven by buying pressure, leaning more towards institutional entry rather than pure short covering. The 1H RSI (64.37) is in a healthy bullish zone with room to rise. Market depth (bid_ask_ratio_depth: 1.84) shows significantly stronger buy-side support than sell-side, with dense support below. This rally, with volume and price action aligned, is a typical short-term momentum breakout, favoring continuation.

View real-time market 👇 $RAVE

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