【$RAVE Signal】Pullback to go long, betting on a secondary surge

$RAVE 1H level MACD bearish crossover, price retraced violently from the high of 12.6 down to 6.89, then rebounded sharply, currently oscillating around 10.3. The 4H Bollinger upper band at 11.45 acts as resistance, but EMA50 (3.16) is well below the current price, indicating a still steep medium-term trend. Market depth is imbalanced at -14.29%, sell orders are sparse, and there is not weak willingness to absorb downward.

Price retracement to the 9.5-9.8 zone can be considered for long entries, as this area is the dense zone of previous rally chips.

🛑Defense must be below 7.0, allowing enough room for volatility.

🚀First target near the previous high of 10.78, second target at 13.33 after breakthrough.

🛡️Trading management:
- Execution strategy: After reaching target 1, reduce position by 50%, and move stop-loss to breakeven. If the price falls back into the entry zone, exit automatically to protect capital.

1-hour trading volume has significantly shrunk after the plunge, indicating exhaustion of selling pressure. Funding rate is -0.6%, short positions are costly, with potential for a short squeeze. Although bullish momentum on the 4H MACD is shrinking, both lines remain above zero, and the overall structure is intact. Such consolidation after sharp rise and fall often signals bullish regrouping, with a favorable risk-reward ratio.

Check real-time market 👇 $RAVE
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