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【$RAVE Signal】Long - 1H strong pullback confirmation, main force clearly intends to support the market
$RAVE The 1H timeframe is consolidating strongly above EMA20 (0.3509), with the price pulling back from the high of 0.407 and forming a platform in the 0.354-0.382 range. Although the 4H level is oscillating at a high level, the 1H buy volume is substantial, and open interest remains stable, indicating that the main force has not exited the market. A pullback is an opportunity.
🎯Direction: Long (Long)
🎯Entry/Order: 0.372 - 0.375 (Reason: 1H platform upper support, dynamic support from EMA20 )
🛑Stop Loss: 0.354 (Reason: Break below recent 1H platform low and EMA50 support )
🚀Target 1: 0.392 (Reason: Previous high resistance level, first resistance on the 4H level )
🚀Target 2: 0.407 (Reason: Historical high, break above could target 0.42 )
🛡️Trade Management:
- Position size suggestion: Light position (Reason: Hot Coin has high volatility, control risk )
- Execution strategy: When price reaches 0.392, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.375. If the price strongly breaks through 0.407, move the stop loss up to 0.392 to aim for greater gains.
Depth logic: Market depth data shows strong buy volume, with an imbalance of -27.18%, indicating relatively light sell pressure. The 1H RSI (61.57) is in a healthy bullish zone, with momentum for another upward move. Although the 4H level is below EMA50 (0.3909), overall open interest remains stable, with no significant fund outflow, indicating a strong consolidation. Combining market logic suggests ‘price rising, main force entering or short covering,’ currently favoring main force support followed by a secondary rally.
View real-time market 👇 $RAVE
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