🎯 LONG SETUP – $RAVE 🎯
Entry Zone: 0.5100 - 0.4750
Stop Loss: 0.4600
Take Profit Targets:
∙ TP1: 0.6200
∙ TP2: 0.7000
∙ TP3: 0.7958
🔥 Bullish Justification
Price just exploded 27.23% today from 0.41320 to 0.79581, then pulled back to 0.52611 in a textbook healthy retracement structure. The current consolidation at 0.52602 is holding perfectly above the MA(25) at 0.57527 support zone, with price forming a bull flag continuation pattern after the initial impulse move. This 34% pullback from the high is normal profit-taking behavior, creating a strong springboard for the next leg up.
Volume analysis shows institutional accumulation with massive spikes on green candles, while MA(5) volume at 56.926M significantly exceeds MA(10) at 58.440M, confirming sustained buying interest. The MA(7) at 0.64096 provides overhead guidance while MA(99) at 0.45031 acts as macro support, creating a bullish alignment. Despite the pullback, buyers still represent 43.50% versus 56.50% sellers, showing resilience as weak hands shake out.
This setup offers exceptional probability because the 0.5150-0.5350 entry zone aligns with previous resistance turned support around 0.54093 opening price and the MA(25) dynamic support level. The 7-day gain of 35.56% demonstrates powerful underlying momentum, while liquidity pools above 0.62 and 0.72 remain untapped magnet zones for breakout continuation. Stop below 0.4800 protects against invalidation while maintaining excellent 2:1 risk-reward to first target, with massive upside potential back to recent highs at 0.7958 representing 50%+ gains from entry.