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RAVE's performance today has been truly eye-catching — from a low of $0.30437 to a sharp surge up to $0.34113, an intraday increase of 8.56%. The 24-hour trading volume has surpassed 10.37 million USDT, with a total trading volume of 32.55 million. Behind this rapid rebound from the bottom, it's clear that significant capital has completed its bottom-positioning and is now strongly pushing the price up. The low point has become the "launch pad" for this rally.
In the short term, the bulls are indeed in the lead. Yesterday's 7.11% increase is enough to show strong buying enthusiasm. Although it has fallen 13.04% over the past 7 days, the current upward trend has already been established.
Regarding trading strategies, my advice is as follows:
Don't rush to chase the high. Wait for the price to retrace to the $0.3300–$0.3350 range before taking a small position for a more solid entry. The first target is $0.3400, and the second target is $0.3450. If it can break through the previous high, $0.3500 is within reach. Risk management is very important; set your stop-loss at $0.3250. Falling below this level indicates that the short-term upward momentum may weaken.
For those considering short positions, I advise you not to participate now. Such violent surges are not suitable for counter-trend trading; it would be asking for trouble. For those looking to go long, patience is key. Wait for a pullback to buy in at lower levels, which is the safest approach. Also, manage your position sizes carefully, as the risk of a retracement always exists. Overall, as long as you hold above $0.3250, there's no problem continuing to be bullish.