【$RAVE Signal】Short squeeze continues, 1H breakout retest confirmed, targeting the second wave of surge

$RAVE The 1H timeframe has experienced a massive rally and is currently consolidating strongly at high levels. The latest 1H candlestick closed at 0.54688, firmly above the 1H EMA20 (0.4960) and the 4H EMA20 (0.4483), indicating a healthy bullish structure. The price faced brief resistance near the previous high of 0.55899, but the pullback was limited, and the bid-ask depth ratio (bid_ask_ratio_depth: 1.52) is significantly better than the ask side, showing strong support below. The RSI_1H (71.65) is high but not in extreme overbought territory, leaving room for further upside. Combined with stable open interest (OI_trend: Stable) and positive funding rates, this appears to be healthy rotation after a main force push rather than a top distribution.

🎯Direction: Long (Long)

🎯Entry/Order: 0.5430 - 0.5470 range (Reason: 1H strong consolidation zone lower boundary, close to current support levels)

🛑Stop-loss: 0.5250 (Reason: Break below previous 1H low of 0.51894 and 1H EMA50 support at 0.4563, trend broken)

🚀Target 1: 0.5650 (Reason: First psychological resistance after breaking the previous high of 0.55899)

🚀Target 2: 0.5850 (Reason: 1.382 Fibonacci extension based on recent wave gains)

🛡Trade Management:

- Position suggestion: Light position (Reason: intraday gains over 33%, extremely high volatility, strict risk control needed)

- Execution strategy: After reaching 0.5650, reduce position by 50% to lock in profits, and move the remaining stop-loss up to the entry price of 0.5470. If the price fails to hold above 0.55899 and falls back into the entry zone, consider actively exiting and observing.

Depth logic: Market logic indicates “price rising, please combine open interest to determine whether it’s main force entering or bears stepping on the gas.” Currently, open interest is stable, price remains firm, bid depth is superior, and funding rate is positive but not in dangerous territory (0.04%), which aligns more with “main force defending the price + short squeeze” characteristics. After RSI on 1H pulls back from high levels and recovers, it may rise again. Watch for volume breakout above 0.5590 to confirm the start of the second wave of surge. The ask at 0.54688 (has a large order volume, serving as a short-term key resistance. Breaking through this level should ease upward selling pressure.

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