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【$RAVE Signal】After confirming the pullback, the bulls strike again, with a strong breakout on the 1H timeframe.
$RAVE The 1H price has surged above the upper Bollinger Band, RSI soaring to 87.45, indicating initial signs of buy-side exhaustion. The 4H timeframe also breaks out above the upper band, MACD lines are widening upward, and bullish momentum continues to expand.
Order book depth shows buy orders significantly thicker than sell orders, revealing capital support intentions.
🎯Direction: Long
⚡Entry/Order: 4.90918
🛑Stop Loss: 1.40275
🚀Target 1: 4.23695
🚀Target 2: 5.18169
🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.
Currently, the negative funding rate is as high as -0.7866%, but open interest remains stable, prices are holding firm, and there is a possibility of a short squeeze. The 1-hour volume significantly increases during price rally, indicating active capital inflow.
This risk-reward ratio requires calm assessment; upward space and pullback risks coexist. Strict risk control is the only option.
View real-time market 👇 $RAVE
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