【$RAVE Signal】Pullback to go long, wait for deep consolidation before a second surge

$RAVE 1H level rally and pullback, Bollinger upper band around 14.98 shows selling pressure, buying depth is imbalanced -24.14%, active sell orders are starting to accumulate.

Price quickly retraced from 14.8, although the 1-hour MACD histogram is expanding, the bullish momentum is weakening, and the 4-hour level has already moved out of the Bollinger upper band. Currently around 13.7, bulls and bears are fighting, risk-reward ratio is not ideal, better entry points are needed.

🎯Direction: Pullback to go long

⚡Entry/Order: Hidden buy zone at 7.783 - 13.626, prioritize around 7.8

🛑Stop loss: 4.417

🚀Target 1: 14.515

🚀Target 2: 17.881

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

The 4-hour EMA50 at 4.44 resonates with the lower boundary of the suggested entry zone, providing support. The negative funding rate of -0.99% is unusually high, indicating potential short squeeze fuel, but a healthy retracement is needed first. The 1-hour RSI has fallen from a high of 65 to neutral, waiting for a decent consolidation. Such deep retracements after imbalance often present better entry opportunities.

Check real-time market 👇 $RAVE
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