【$RAVE Signal】Bull and bear battle intensely, waiting for confirmation of direction

$RAVE 1H level shows sharp fluctuations at high levels, 4H MACD red bars contract, bullish momentum weakens. The order book has a very thick buy wall, but selling pressure is equally concentrated, depth imbalance at -73%, bulls and bears are fiercely exchanging around 2.06.

🎯Direction: Watch (pullback orders)

⚡Entry/Order: Near the lower boundary of the 1.15400 - 2.05993 range, specifically place a buy order at 1.15400.

🛑Stop loss: 0.70953

🚀Target 1: 2.04294

🚀Target 2: 2.48741

🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect principal.

The 1H RSI has fallen from a high of 97 to 73, releasing some overbought pressure. The 4H Bollinger upper band at 2.225 acts as resistance, current price is between the upper band and the middle band. Funding rate is -0.16%, shorts need to pay fees, but open interest remains stable, with no signs of large-scale liquidation. This trade has a decent risk-reward ratio; key is to catch chips at deep support zones and avoid chasing highs.

Check real-time market 👇 $RAVE
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