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

$RAVE The 1H timeframe experienced a massive rally yesterday and is currently consolidating strongly at high levels. The price is oscillating within the 0.631-0.665 range, with the 1H EMA20 (0.6311) forming a key support. On the 4H level, the price has broken through the previous consolidation platform, with EMA20 (0.5603) and EMA50 (0.4804) in a bullish alignment, indicating an upward medium-term trend. Currently, the 1H RSI (54.94) is healthy after a slight pullback from overbought territory, preparing for another upward move. Open interest remains stable, with buy orders dominating the order book (imbalance of 11.6%), showing strong support below.

🎯Direction: Long (Long)

🎯Entry/Order: 0.631 - 0.635 (Reason: Rebound support at 1H EMA20 and upper boundary of previous consolidation zone )

🛑Stop Loss: 0.615 (Reason: Break below recent 1H consolidation low and ATR lower band )

🚀Target 1: 0.665 (Reason: First resistance after breaking yesterday’s high )

🚀Target 2: 0.695 (Reason: Previous high resistance and potential breakout target on 4H level )

🛡️Trade Management:

- Position Size: Light (Reason: Hot Coin experiences high volatility, risk control is essential )

- 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 above 0.665 and stabilizes, consider moving Target 2 up to 0.72 (1.618 extension).

Depth Logic: After a large bullish candle on the 4H level yesterday (55.32 million volume), there was no significant pullback, but instead sideways movement replacing a decline, indicating strength. Open interest remains stable, suggesting neither bulls nor bears are exiting in large numbers, and the battle continues. The buy order depth on the 1H level is significantly thicker than the sell side, with a large number of buy orders accumulated around 0.636, providing immediate support. Combining market logic indicating “price rising, main players entering or bears being squeezed,” the current behavior appears to be a shakeout after a main force push, preparing for the next rally.

View real-time market 👇 $RAVE

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