【$RAVE Signal】Pullback to Long! 1H Pullback Confirmation, Main Force Shows Signs of Support

$RAVE After experiencing a significant rally, the 1H level is undergoing a healthy correction, with the price pulling back to around the 1H EMA20 (0.3339) for initial support. Although the 4H level is oscillating at a high level, the Open Interest (OI) remains stable, with no signs of large-scale capital fleeing, and the bid-ask depth ratio (depth: 1.28) indicates strong support below. The current 1H RSI (55.94) has retreated from the overbought zone, preparing for another upward move. Volatility equals profit—target this pullback!

🎯Direction: Long (Long)

🎯Entry/Orders: Enter in stages within the 0.338 - 0.342 range (Reason: Dynamic support at 1H EMA20 & dense zone of 1H candle bodies )

🛑Stop Loss: 0.325 (Reason: Break below the significant low of the previous 1H cycle at 0.3328 and the ATR lower band )

🚀Target 1: 0.380 (Reason: Previous high resistance zone, also the 0.618 Fibonacci retracement level on the 4H level )

🚀Target 2: 0.405 (Reason: Break above previous high, aiming for the 1.618 extension level )

🛡Trade Management:

- Position Size: Light (Reason: Hot coins are highly volatile, currently in a high-level correction phase, with elevated risk )

- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the remaining stop loss to the entry price. If the price cannot hold above 0.355 (1H opening price) and falls back below the entry zone, consider exiting early.

Depth Logic: Over the past 24 hours, the increase has been 18%, with volume and price rising together—definitely not retail investor behavior. The key point is that the open interest (OI) remains 'stable' during the correction, not decreasing, indicating that the main force has not exited, possibly doing a shakeout or support. The order book depth imbalance of 12.24% favors buyers, with heavy buy orders around 0.3462, providing short-term support. Combined with positive funding rates, market sentiment is bullish but not overheated, making it suitable for buying on pullback.

Check real-time market 👇 $RAVE

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