【$RAVE Signal】Pullback to go long, second wave of rally in gaming

$RAVE The 1H timeframe dropped sharply from the high of 12.36 to 7.09, currently building a base around 9.35. The 4H MACD histogram remains above zero, but bullish momentum is shrinking. The 1H RSI has pulled back from oversold territory to neutral, with a deep imbalance in buying pressure of -18.9%, and more sell orders stacked, but the price has not made a new low, indicating support from funds below.

After forming a clear low near 7.09, the price rebounded, with the 1H EMA50 (6.87) acting as dynamic support. The current negative funding rate of -0.38% favors bulls, easing some selling pressure.

🎯Direction: Pullback to buy

⚡Entry: Buy in stages if the price retraces to the 7.50-7.80 range, aggressive traders can try a small position at the current 9.30.

🛑Stop-loss: Set below 6.80 uniformly.

🚀Target 1: First target around 10.94.

🚀Target 2: Second target near the previous high at 13.48 resistance zone.

🛡️Trade management:
- If the price surges directly, reduce half of the position after reaching target 1, and move the remaining stop-loss up to the entry price. If the retracement fails to quickly rally after entering the zone, exit and observe.

The 4H Bollinger upper band is at 11.59, leaving room for further upside. The 1H volume increased mildly during the rebound, but buying initiative is weak, requiring a strong volume bullish candle to confirm strength. Open interest remains stable, no panic liquidation, and the chip structure is still acceptable. This setup offers a good risk-reward ratio but requires strict risk management.

Check real-time quotes 👇 $RAVE
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