【$RAVE Signal】Long position, second surge confirmed after retracement at the 1H level

$RAVE The 1H level price is consolidating around 1.71, with buy volume 45% lower than sell volume, but the 1H RSI at 56.09 indicates momentum is not exhausted. The 4H MACD histogram continues to expand, and the bullish trend is still ongoing.

Price is consolidating around 1.71 to digest selling pressure, with the lower 1H Bollinger Band middle line at 1.186 forming a strong support, showing clear intent of capital support.

🎯Direction: Long

⚡Entry: Enter directly around the current price of 1.71.

🛑Stop Loss: 6.83346

🚀Target 1: 6.67076

🚀Target 2: 6.61653

🛡️Trade Management: - Execute strategy: After reaching Target 1, reduce half of the position, and move the remaining stop loss up to the entry price. If the price fails to hold above the entry zone and weakens, exit immediately.

The 1-hour EMA20 has crossed above EMA50 to form a golden cross, and the MACD fast and slow lines are above the zero line. Although the histogram slightly contracts, the overall trend remains unchanged. The 4-hour price stays above the middle Bollinger Band, with room to move higher. The current risk-reward ratio is favorable, key is whether it can quickly exit the cost zone.

Check real-time market 👇 $RAVE
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