【$RAVE Signal】Pullback to buy again for a secondary surge

$RAVE 1H level massive shakeout, price sharply retraced from the high of 12.6 down to 6.89, then violently rebounded above 10.2, 4H Bollinger Bands extremely expanded, upper band at 11.45 acts as short-term resistance. 1H MACD shows a bearish crossover but histogram narrows, bearish momentum diminishes. Market depth is unbalanced at -14.29%, sell orders sparse, strong willingness to support lower levels.

Price repeatedly tests near the upper boundary of the suggested entry zone at 10.22, which is the dense area of previous rally chips, go long directly, enter at the current price of 10.22.

🛑Stop loss must be placed at 3.14, leaving room for abnormal volatility.

🚀First target set at 10.78, with a breakout likely testing the previous high area.

🚀Second target set at 13.33, corresponding to the expanded position of the 4H Bollinger Bands.

🛡️Trading management: - Execution strategy: reduce half position after reaching 10.78, move stop loss of remaining position to entry price. If price fails to hold above 10.22 and turns downward, exit decisively.

Funding rate -0.6% provides a safety cushion, short positions have high costs. 1-hour volume shrinks significantly during price pullback, selling pressure is quickly absorbed. 4H EMA50 is only 3.16, current price far from the moving average, medium-term trend remains strong. Such a strong rebound after deep pullback often signals a prelude to a second wave of capital inflow. Risk-reward ratio is appropriate, worth using wide stop-loss to play the trend continuation.

Check real-time quotes 👇 $RAVE
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