The Daily/4H trends are establishing a new Bullish structure following the initial listing impulse. While the higher timeframe EMAs are not yet plotted due to insufficient price history, the price action itself is providing clear signals. The sharp initial surge to 0.579 established the peak, and the subsequent pullback found support, creating the first higher low. This price behavior is forming a foundational base for the next leg up.
The trigger for this trade is observed in the lower timeframe consolidation. On the 1H and 15m charts, this sideways price action implies the RSI is coiling tightly around the 50 midline. We are anticipating an imminent bullish momentum surge, which will be confirmed by the RSI decisively crossing 50. The current price level represents a deep pullback into the golden pocket Fibonacci retracement zone (0.618) of the initial launch range, a classic area for buyers to step in. Entering now is a high-probability play on the successful defense of this support, anticipating a continuation of the powerful initial trend.
Actionable Setup Now (LONG)
Entry: market at 0.375
TP1: 0.425
TP2: 0.500
TP3: 0.570
SL: 0.295
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RAVEUSDT
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