【$RAVE Signal】Pullback to Long + 1H Level Strong Consolidation, Main Force Signs of Support Clearly Visible

$RAVE After a 15% surge yesterday on the 1H level, the price is currently consolidating strongly at a high level. The price has built a support platform around 0.282, with the 1H EMA20 (0.2766) providing dynamic support. The 4H level has stabilized above the middle of the previous large bullish candle, indicating healthy profit-taking rather than trend reversal. Key signals: Negative funding rate (-0.0235%) + stable OI, showing that bears are still paying fees and there is no large-scale capital outflow. This is a typical short squeeze continuation pattern. The order book shows sell orders piling up but the price remains stable, indicating strong support from the main force.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.2790 - 0.2820 ( Reason: Retracement to 1H EMA20 support zone and the lower boundary of the previous 1H candlestick cluster )

🛑 Stop Loss: 0.2720 ( Reason: Break below yesterday’s 4H bullish candle start at 0.2675 and ATR lower band )

🚀 Target 1: 0.2955 ( Reason: Previous high resistance and psychological level at an integer )

🚀 Target 2: 0.3050 ( Reason: 1.618 Fibonacci extension level, corresponding to the extension of the previous upward wave )

🛡️ Trading Management:

- Position suggestion: Light position ( Reason: After a significant rally, high-level trading requires risk control )

- Execution strategy: After entering, if the price quickly rises to reach Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price consolidates in the entry zone for more than 4 1H candles without making a new high, consider closing half of the position.

Deep logic: The 4H level shows continuous volume-driven bullish candles breaking through, with buying power concentrated. The current 1H RSI (55.17) is in a healthy zone, leaving room for further upward movement. Open interest (OI) remains stable during consolidation, with no signs of shrinking, indicating that longs are not leaving but possibly rotating or adding positions. The order book depth imbalance (-44.07%) shows that although selling pressure is large, it is fully absorbed, a typical bullish signal of “sell wall being eaten.” Coupled with the negative funding rate, short positions face increased passive holding costs, further increasing the probability of an upward breakout.

View real-time market 👇 $RAVE

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