【$RAVE Signal】Long - 1H strong breakout followed by high-level consolidation, clear signs of capital support

$RAVE The 1H timeframe has experienced a massive surge and is now in a strong consolidation at high levels. The key point is: the 1H candlestick remains firmly above the EMA20 (0.3914), and the latest 4H candlestick has formed a long bullish candle, directly breaking through the previous oscillation zone upper boundary (around 0.395). Although RSI_1H (68.32) is somewhat high, open interest remains stable, and the order book buy depth (bid_ask_ratio_depth: 3.79) is much stronger than the sell side, indicating that major funds are strongly defending and absorbing at this level. The EMA50 (0.3790) on the 4H chart has turned into a strong support, and the trend is upward. Currently, it’s not suitable to chase the high, but a pullback presents an opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.408 - 0.410 (Reason: The 1H EMA20 support zone coincides with the Fibonacci 0.382 retracement of the previous rally, making it an ideal pullback entry point)

🛑Stop Loss: 0.398 (Reason: Falling below the 4H bullish candle start point at 0.407 and the previous low on the 1H structure invalidates the bullish setup)

🚀Target 1: 0.425 (Reason: Previous high resistance and psychological round number)

🚀Target 2: 0.435 (Reason: 1.618 Fibonacci extension level, close to the intraday high)

🛡️Trading Management:

- Position size suggestion: Light (Reason: The intraday rally has been large, RSI is high, indicating high risk)

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position to the entry price (break-even). If the price strongly breaks through 0.419 and stabilizes, the remaining position target can be adjusted to 0.435.

Deep logic: Over the past 4 hours, the price surged from 0.377 to 0.433 with a volume spike, a clear signal of main funds entering. Subsequently, the price consolidated around 0.414, but open interest remained stable, not decreasing despite the stagnation, indicating that long positions have not exited en masse. The order book shows buy accumulation (58.21% imbalance), with nearly 8,000 buy orders supporting below 0.4142, making it difficult for bears to break through easily. Combined with a positive funding rate (0.0949%), market sentiment is leaning bullish but not extreme, leaving room for further upward movement. The core strategy is to wait for a healthy 1H correction, leveraging the main force’s support to enter.

Check real-time market 👇 $RAVE

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