【$RAVE Signal】Long | 1H Strong Breakout, Funding Longs in Progress

$RAVE The 1H timeframe is consolidating strongly above the EMA20, just broke above the previous high of 0.40295 with increased volume, showing strong momentum. The 4H timeframe has already broken through the previous consolidation platform. Although RSI is somewhat high, open interest remains stable and buying depth is substantial, indicating that major funds are still active in the market, and the short squeeze trend may continue.

🎯Direction: Long (Long)

🎯Entry/Order: 0.3990 - 0.4020 (Reason: The pullback after breaking the previous high of 0.40295 confirms the support zone, which is also the 1H candlestick body support )

🛑Stop Loss: 0.3850 (Reason: Falling below the 1H EMA20 support and the previous candlestick low of 0.37157 )

🚀Target 1: 0.4250 (Reason: Based on the initial extension level from ATR and psychological resistance )

🚀Target 2: 0.4500 (Reason: Fibonacci extension resistance zone below the previous high of 0.48933 )

🛡️Trade Management:

- Position Size Suggestion: Light Position (Reason: Intraday gains have exceeded 44%, volatility is extremely high, risk and opportunity coexist )

- Execution Strategy: When the price reaches 0.4250, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 0.3990. If the price strongly breaks through 0.4250 and stabilizes, consider targeting 0.4500 for the remaining position.

Deep Logic: While the price surged by 44%, open interest remained stable and did not show a significant decline, ruling out pure short covering. It appears to be active buying by new longs. The 1H RSI is as high as 71.83, in overbought territory but not exhausted, still with upward momentum. Market depth shows sell orders stacked above 0.3995, but buy orders are also dense below 0.3990, creating a standoff. Once broken, resistance above is sparse. Funding rate is only 0.005%, making the cost of short squeezing low and favorable for bulls to push higher.

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