【$RAVE Signal】Pullback to go long / 1H level capital support

$RAVE 1H level high volatility, buying orders building a defense line above 1.48. The 4H Bollinger Bands are fully open, with price moving outside the upper band, MACD double lines still expanding at high levels, but the 1H MACD histogram begins to shrink, indicating short-term momentum slowing down. Market depth shows sell walls accumulating near 1.494, but buy orders below are equally dense, clearly indicating capital support intentions. In a negative fee environment, short positions' costs continue to rise.

🎯Direction: Pullback to go long

⚡Entry/Order placement: Place pending orders around 1.48089

🛑Stop loss: 0.49561

🚀Target 1: 1.49218

🚀Target 2: 1.49815

🛡️Trading management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect principal.

Currently, the 1H RSI has fallen from overbought territory to 73.9, which is a healthy correction. Position size remains stable, with no signs of large-scale capital outflows. Combined with negative funding rates, there is potential for short covering. This pullback at this level seems more like a buildup of strength for the next rally to previous highs, with a favorable risk-reward ratio.

Check real-time market 👇 $RAVE
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