🧐 $RAVE Trading Strategy (1H) - Another Standard Price Action Structure
Entry Point: 0.5050 - 0.5240
Stop Loss: 0.4840. Place below both EMA lines and the bottom of the nearest candlestick to ensure safety
TP 1: 0.6800
TP 2: 0.7200
🎯 "Rising Wave" Trading Strategy
Market Structure: After peaking at 0.79581, RAVE experienced a strong sell-off. However, at the nearest bottom of 0.49497, selling pressure began to subside, and long green candles with fairly stable volume appeared, indicating that the bulls are trying to establish a higher low compared to the previous accumulation zone around 0.35703
The EMA 21 (0.49497) and EMA 60 (0.49332) are closely clustered, forming a very strong confluence support zone right below the current price $RAVE
The price has closed decisively above both EMAs, confirming that the short-term uptrend is returning
Candlestick signal: The most recent 1H candle is a solid green candle, pushing the price above the previous small accumulation zone. This is the starting signal for a recovery wave to higher levels #PriceActionAnalysis