The cryptocurrency market is once again noticeably lively — $RAVE demonstrates a strong bullish momentum that cannot be ignored. The price sharply bounced off a local minimum, and buyers confidently entered the market, forming new higher highs. A decrease in selling pressure and the recovery of market structure confirm that the trend for RAVE remains bullish, and the current movement is not a short-term spike (‘dead cat’), but a signal for continued growth.
Current situation on the RAVE chart
The momentum of movement is gradually strengthening.
The price is held above the support zone, confirming buyer control.
The formation of higher highs and lows indicates a stable bullish trend.
Recommendations for entering a long position ($RAVE long)
Buying zone: 0.45 – 0.47
Targets (Take Profit):
TP1: 0.52
TP2: 0.56
TP3: 0.60
Stop-loss: 0.41
It should be remembered that trading RAVE requires discipline: do not panic or chase the price. Follow the trading plan and manage risks wisely.
Output and forecast for RAVE
The current dynamics $RAVE confirms that bulls control the market. As long as the price remains above the restored support zone, the growth prospects remain. For traders focused on long-term positions, the current moment may present a good opportunity to enter the market with targets up to 0.60.
