$RAVE Signal】1H level overbought, light position short attempt


$RAVE 1H level surge then stagnation, RSI soars to 85, 4H Bollinger upper band has been pierced.
Buyers' depth imbalance -18.6%, active sell orders start stacking.

Price around 8.55 can consider a light short attempt, stop-loss above 9.67.
First target at 8.59, second target at 8.62.

This position's risk-reward ratio is not ideal, but the funding rate of -0.32% provides a buffer, giving shorts a short-term breathing space.
1H MACD histogram contracts, bullish momentum diminishes.

Check real-time quotes 👇 $RAVE
---
Follow me: Get more real-time analysis and insights on the crypto market!
#Gate13周年Dr.Han公开信 $BTC $ETH $SOL
RAVE261,51%
BTC0,19%
ETH0,13%
SOL0,67%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin