【$RAVE Signal】Long | Strong consolidation after breakout on 1H with initial short squeeze structure

$RAVE On the 1H timeframe, after a massive rally, the price is consolidating strongly around 0.697, refusing to undergo a deep correction. The 4H timeframe has already broken through the previous consolidation platform, and the trend has shifted upward. Currently, with a negative funding rate of (-0.0129%) combined with rising prices, there is potential for a short squeeze, as buy order depth on the order book is significantly thicker than sell orders (depth imbalance of 32.52%), indicating clear main force support.

🎯Direction: Long (Long)

🎯Entry/Order: 0.695 - 0.700 (Reason: 1H EMA20 dynamic support zone, upper boundary of strong consolidation area )

🛑Stop loss: 0.675 (Reason: Break below the low of the 1H massive rally candle at 0.681 and EMA50 support )

🚀Target 1: 0.735 (Reason: Previous high resistance and 1.272 Fibonacci extension level )

🚀Target 2: 0.780 (Reason: 1.618 Fibonacci extension level, previous high area on the daily chart )

🛡️Trading management:

- Position suggestion: Light position (Reason: Intraday gain has exceeded 18%, volatility is extremely high )

- Execution strategy: After the price reaches 0.735 (Target 1), reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.700. If the price cannot hold above 0.700 and falls back, exit all positions.

Depth logic: Open interest has remained stable over the past 4 hours, and after the rally, the price is consolidating, indicating healthy turnover. The 1H RSI(66.37) has not entered overbought territory, leaving room for further upside. The key is whether the price can hold above 0.700 and challenge the previous high. There is a large accumulation of buy orders below 0.697, forming a short-term support wall. If the negative funding rate environment persists, it may trigger a wave of short covering, accelerating the upward move.

View real-time market 👇 $RAVE

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包