【$RAVE Signal】Long - 1H pullback confirmation, main force clearly intends to support the market

$RAVE The 1H timeframe is undergoing healthy flag pattern consolidation after a massive surge yesterday, with the price supported above EMA20 (0.5522). The 4H timeframe has strongly broken through the previous high, indicating a trend reversal to bullish. Current open interest remains stable, the price is firm, and the main force's support intent is obvious. A pullback is an opportunity to enter.

🎯Direction: Long (Long)

🎯Entry/Order: 0.5720 - 0.5780 (Reason: 1H EMA20 support zone and the dense area of the previous hour's low points)

🛑Stop Loss: 0.5550 (Reason: Break below the 4H breakout high at 0.5560 and the 1H EMA50 support)

🚀Target 1: 0.6050 (Reason: Yesterday's high resistance level)

🚀Target 2: 0.6250 (Reason: 1.618 Fibonacci extension based on ATR)

🛡️Trade Management:

- Position suggestion: Light (Reason: Significant rally within the day, extremely high volatility)

- Execution strategy: After reaching 0.6050, reduce position by 50% and move stop loss to entry price. Hold the remaining position for the second target. If the price pulls back into the entry zone and breaks below, exit decisively.

Deep logic: The 4H bullish long candle establishes an upward trend. Although the 1H RSI(60.97) has fallen back from overbought, it is a healthy correction. The key point is that during yesterday's rally and pullback, open interest(Open Interest) remained stable and did not drop significantly, indicating that bullish positions are not panicking and are holding. Meanwhile, the order book depth is solid, and the funding rate is only 0.0074%, showing no signs of overheating, which fuels the upward push. Currently, the 1H is at the end of a convergence phase, about to choose a direction, and we are betting on an upward breakout.

View real-time market 👇 $RAVE

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