【
$RAVE Signal】Long! 1H strong consolidation, building momentum to break previous high
$RAVE The 1H timeframe entered a strong sideways consolidation after yesterday's sharp rise, with price staying close above EMA20(0.2776), rejecting deep pullbacks. The 4H timeframe has broken through the downtrend line, forming a bullish engulfing pattern, signaling a trend reversal. Currently, the negative funding rate(-0.011%) combined with firm price action suggests potential for short squeeze.
🎯Direction: Long (Long)
🎯Entry/Order: 0.2790 - 0.2815 (Reason: 1H EMA20 dynamic support zone, current consolid