【$RAVE Signal】Pullback confirmation, bullish momentum is exhausting

$RAVE 1H level surges and then falls back; the price repeatedly tests around 2.07. The 4H level RSI skyrocketed to 93, showing clear signs of a buying gap. The 1H MACD fast and slow lines form a death cross downward; the histogram keeps weakening, indicating that bullish momentum is exhausting. Sell orders in the order book are piling up above 2.07, with selling pressure gradually becoming apparent.

🎯Direction: Stay on standby (pullback pending orders)

⚡Entry/Order placement: Within the 1.24919 - 2.06387 range, prioritize placing buy orders around 1.88.

🛑Stop loss: 0.76575

🚀Target 1: 2.21608

🚀Target 2: 2.69952

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss up to the break-even level. If the price drops back into the entry zone, automatically exit to protect the principal.

Funding rate is as low as -0.38%. Although the short position costs are not low, the price has not shown a strong upside push, suggesting that bulls are not strongly intent on initiating a proactive push. Open interest is stable, with no signs of panic exiting—more like rotation at high levels. The 1H Bollinger Band middle line around 1.90 is the first key accumulation/acceptance zone; combined with the 4H EMA50 support, this is a position with a better risk-reward ratio. Currently, chasing the high carries far greater risk than the potential upside reward; wait patiently for the price to retest the key support.

Check real-time market 👇 $RAVE
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