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

$RAVE The 1H timeframe experienced a massive rally and is currently consolidating at a high level, with prices strongly ranging around 0.347. On the 4H timeframe, a large bullish candle broke through the previous consolidation platform, indicating a trend reversal to bullish. Currently, the 1H candlestick is holding above the EMA20 (0.3072), and the sell wall at the order book (0.34807) has a huge volume (13.68 million), yet the price remains firm and does not fall. This is a typical signal of main force supporting the market/absorbing buy orders, combined with a negative funding rate (-0.0163%), indicating potential short squeeze opportunities.

🎯Direction: Long (Long)

🎯Entry/Order: 0.345 - 0.347 (Reason: Support zone of 1H EMA20 and the lower boundary of the current strong consolidation platform )

🛑Stop Loss: 0.335 (Reason: Break below the middle of the 4H bullish candle and the 1H EMA50 support, also the ATR double stop-loss level )

🚀Target 1: 0.365 (Reason: Previous high resistance and 1.272 Fibonacci extension level )

🚀Target 2: 0.392 (Reason: Intraday high and 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Daily increase has exceeded 35%, volatility is extremely high, risk and opportunity coexist )

- Execution strategy: After entering, if the price quickly surges to 0.365 (Target 1), reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.347. If the price fails to break through 0.352 (current hourly high) and falls back to the lower boundary of the entry zone, consider exiting early for observation.

Deep logic: Over the past 4 hours, trading volume surged, indicating a large influx of new funds. Although the open interest trend shows stability, no significant decline has occurred after the price surged sharply, suggesting strong bullish confidence. The 1H RSI (65.26) is in a healthy, slightly strong zone, not overbought, leaving room for further upward movement. The order book depth imbalance (-61.88%) shows concentrated selling pressure but being absorbed, with a more solid buy structure. This is a typical momentum continuation in hot coins, with the key being to seize the pullback confirmation.

View real-time market 👇 $RAVE

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