【$RAVE Signal】Pullback to Long + 1H strong consolidation, preparing for a second surge

$RAVE The 1H timeframe experienced a massive rally yesterday and is currently consolidating strongly at high levels, with the price supported above EMA20(0.4672). The 4H EMA20(0.4264) and EMA50(0.3979) have formed a bullish alignment, indicating a clear trend. The current 1H RSI(65.25) has fallen from overbought territory to a healthy level, building momentum for a second upward move. Open interest remains stable, buy-side depth is dominant, and the main force’s intention to defend the price is evident.

🎯Direction: Long (Long)

🎯Entry/Order: 0.4880 - 0.4920 (Reason: 1H EMA20 support zone and dense cluster of previous hour’s low points)

🛑Stop Loss: 0.4750 (Reason: Break below the 1H consolidation platform’s lower boundary and ATR(0.028) lower band)

🚀Target 1: 0.5180 (Reason: Previous high resistance level, 4H upper shadow high point)

🚀Target 2: 0.5360 (Reason: Yesterday’s high, 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position suggestion: Standard position (Reason: 4H trend established, 1H correction structure clear)

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.5180, consider trailing the remaining position to hold for Target 2.

Depth logic: Over the past 24 hours, the price has increased by nearly 30%, but open interest remains stable, indicating not just a short squeeze but genuine capital inflow. The 1H buy-side depth (bid_ask_ratio_depth=1.03) shows strong support below. Currently, the price is consolidating in the upper half of yesterday’s massive candle, indicating a strong correction. Combined with positive funding rates, market sentiment is bullish but not overheated, suggesting a healthy correction phase after a short squeeze, waiting for a second momentum explosion.

View real-time market 👇 $RAVE

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