$RAVE 1H level has experienced a massive surge and is currently in a high-level strong consolidation. The price is oscillating within a narrow range of 0.372-0.380, with the 1H EMA20 (0.3423) forming a strong dynamic support, and the 1H RSI (63.33) remains healthy, not entering overbought territory. Although the 4H level faces resistance at EMA50 (0.3915), the latest 4H candlestick closed above the previous high, indicating that the bulls are still in control. The order book depth shows significantly more buy orders than sell orders (imbalance of 31.34%), and the funding rate is only 0.005%, with no signs of overheating selling pressure. This is a typical strong consolidation pattern, building momentum for a second upward move.


🎯Direction: Long (Long)
🎯Entry/Order: Enter in batches around the current price of 0.3755 or after a pullback to the 0.370-0.372 range.
🛑Stop Loss: 0.3580 (Based on the 1H previous low and ATR)
🚀Target 1: 0.3920 (4H EMA50 and previous high resistance)
🚀Target 2: 0.4070 (Intraday previous high)
🛡️Trade Management:
- Position size suggestion: Standard position. Reason: Clear 1H structure, well-defined support, favorable risk-reward ratio.
- Execution strategy: After the price reaches 0.3920 (Target 1), reduce position by 50%, and move the remaining stop loss up to the entry price of 0.3755. If the price strongly breaks through 0.4070, hold some positions to seek higher profits, using a trailing stop to protect gains.
Depth logic: The price has increased over 31% in the past 24 hours, but open interest (OI) remains stable, indicating not just a short squeeze but also new funds entering the market. The 1H buy/sell ratio remains above 0.5, showing active buying interest. The current price is close to the upper end of the dense trading zone; a volume breakout above 0.380 will quickly open up upward space. The risk is that the 4H level has not yet fully broken through the moving average resistance, so caution is needed for a false breakout.
View real-time market 👇 #Gate广场发帖领五万美金红包 $RAVE
RAVE-5.15%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
AboThapetvip
· 5h ago
Upward or downward?
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский язык
  • Français
  • Deutsch
  • Português (Portugal)
  • ภาษาไทย
  • Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)