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【$RAVE Signal】Main force's bottom support intention exposed, a pullback is an opportunity to buy in
$RAVE 1H level high-level sideways trading, RSI soaring to 84, 4H Bollinger Bands opening upward, price close to the upper band.
Buyers' depth is unbalanced, a thick wall of orders below 0.3596, capital support intention fully exposed.
MACD 1H fast and slow lines are still close at high levels, but after a golden cross on the 4H level, volume continues to increase, indicating bullish momentum has not faded.
🎯Direction: Pullback to go long
⚡Entry: Buy in stages on pullback in the 0.324 - 0.333 range
🛑Stop loss: 0.3065
🚀Target 1: 0.4377
🚀Target 2: 0.4902
🛡️Trade management:
- Execution strategy: Half position at Target 1, remaining position's stop loss moved up to entry price.
If the price cannot stay above 0.332, consider exiting early.
4-hour volume sharply increased during breakout, open interest remains stable, funds have not exited.
Although the 1-hour level shows signs of fatigue, the buy wall below has built a solid defense, and selling pressure is quickly absorbed.
In this structure, chasing the high directly carries higher risk, but the risk-reward ratio of a pullback to key support is very attractive.
Check real-time market 👇 $RAVE
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