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【$RAVE Signal】Buy on dips and add positions, betting on a second surge after funds support the rebound
$RAVE 1H timeframe MACD bullish crossover with decreasing momentum, price repeatedly tests below the upper Bollinger Band. The buy order depth ratio is 94.5%, but active selling volume is increasing, with bulls and bears fiercely exchanging hands around 15.6.
Current price at 15.68, go long directly, with a stop below 15.479. First target at 16.326, and upon breakout, look toward 16.608.
In a negative fee environment, open interest remains stable, indicating a typical fund support structure. The 1-hour EMA20 and EMA50 are in a bullish alignment, but RSI is approaching 67, so caution is advised against chasing profits in the short term. If the price can hold above 15.76, the probability of a short squeeze will significantly increase.
Check real-time quotes 👇 $RAVE
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