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Huang Yu | RAVE/USDT Short: Reversal at High Levels, Structural Pullback Begins
Market Observation:
1-Hour Chart shows that after a strong upward surge, the price encounters clear resistance signals near the upper pressure level. Currently, the K-line has failed to effectively break through the previous high point and is beginning to show signs of a pullback, breaking below short-term moving average support. The slope of the moving average (EMA) is starting to slow down, indicating that bullish momentum is weakening, and the market has a strong correction demand in the short term.
Trading Logic:
This is a structural pullback strategy after resistance at high levels. It uses the inability of the price to break through resistance and confirmation of weakening to set up a short position, targeting key support zones or liquidity areas below.
Parameter Settings:
Entry (Entry): Around 16.4549 (or enter lightly at the current price).
Stop Loss (SL): 20.2787.
Take Profit (TP): 12.9573.
Reminder: Cryptocurrency markets are highly volatile. RAVE's current wave has large fluctuations. For short operations, be sure to strictly execute stop-loss, control position size according to your risk tolerance, and avoid extreme market shocks!