$RAVE Signal】Pullback to go long, betting on a second upward attack


$RAVE 1H level surge and pullback, Bollinger upper band around 17.8 shows selling pressure. MACD 1H histogram contracts, bullish momentum weakens. Market depth for buy orders accounts for 37.86%, sell orders are relatively thin, but the price has not stabilized above the previous high.

If the price pulls back to the 15.5-16.2 range, consider going long; this area overlaps with the 1H EMA20 and the previous high-volume trading zone.

🛑Defense must be placed below 8.29, allowing enough room for volatility.

🚀First target set at 20.87, close to the expanding area of the 4H Bollinger upper band.

🚀Second target at 25.07, corresponding to an extension of the measured price increase.

🛡️Trading management:
- Execution strategy: After the price reaches 20.87, halve the position; move the stop loss of the remaining position to the entry price. If the price fails to break above the 17.75 previous high and falls back again, exit actively and wait.

Negative fee rate of -0.1% combined with stable position volume puts pressure on bears to pay costs. 1H RSI drops from overbought to 61, indicating a healthy correction. 4H MACD still maintains a golden cross, and the medium-term trend remains intact. The key is whether the price can complete chip exchange above 15.5; the strength here determines the height of the next wave. Risk-reward ratio is close to 1:2, worth setting up.

Check real-time market 👇 $RAVE
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