【$RAVE Signal】Long! Strong breakout on 1H followed by pullback confirmation, main force clearly supporting the market

$RAVE The 1H timeframe has experienced a massive rally and is now in a healthy pullback confirmation stage. The price is consolidating strongly around 0.365, with the 1H EMA20 (0.3166) crossing above the EMA50 (0.3160) to form a golden cross, creating a strong dynamic support. Although the 4H level is still in consolidation, the latest candlestick closed above the previous high, indicating that bullish momentum remains intact. Selling pressure is concentrated between 0.3656-0.3658. Once absorbed, it could easily trigger a secondary surge.

🎯Direction: Long (Long)

🎯Entry/Order: 0.3630 - 0.3650 (Reason: Above the 1H EMA20 support zone, with dense trading activity )

🛑Stop Loss: 0.3550 (Reason: Break below the previous 1H low and EMA50 support, ATR-based stop loss )

🚀Target 1: 0.3800 (Reason: Resistance at the previous rebound high )

🚀Target 2: 0.3920 (Reason: 1H previous high and 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Light (Reason: Daily volatility has exceeded 30%, high risk )

- Execution strategy: After the price reaches 0.3800, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.3650. If the price fails to hold above 0.3700 and falls back into the entry zone, consider exiting early.

Deep logic: Open interest (OI) remains stable amid sharp price fluctuations, indicating it’s not purely a short squeeze but with signs of main force supporting the market. The 1H RSI (67.49) is in a strong zone but not overbought, leaving room for further upside. Buy depth at 0.3654-0.3655 is unusually thick (cumulative >500K), forming a strong support wall. Coupled with a funding rate of only 0.0017%, there’s no risk of a long squeeze, and the bullish environment remains healthy.

Check real-time quotes 👇 $RAVE

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