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Hxlaw
Hxlaw
$RAVE RAVEUSDT in the 1H frame is giving a quite positive recovery signal after sweeping the liquidity to the 0.5447 area. The price rebounded sharply with a series of consecutive green candles, currently trading around 0.599 and just broke out of the short-term MA cluster. The increasing volume shows that the buying force is returning significantly. MA5 and MA10 lines have cut up to MA20, creating a short-term bullish structure. If it stays above the 0.592–0.595 area, it is likely that the price will continue to test the resistance level of 0.6024 and further to the 0.61–0.615 area. The beautiful point is that the current bullish candle comes with a large volume, confirming the upward momentum instead of just a technical return. However, after a strong pump rhythm, there may be a short shaking before continuing. Reasonable strategy: ● Buy around the 0.592–0.596 area when the price retests. ● Short-term target: 0.61 – 0.615. ● Strong support: 0.58. ● Cut the loss if the break is 0.575 to limit the risk. The current trend is leaning towards short-term bullish if BTC and the market remain stable.

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