$RVV is undergoing a narrow consolidation at a high level after experiencing a violent surge of 27% in a single day. The 4H candlestick shows a massive bullish candle, with buying pressure continuing to absorb selling pressure, and the price is strongly consolidating near the peak of the surge. This is a typical characteristic of main force control and accumulation, rather than distribution.
🎯 Direction: Long
🎯 Entry: 0.001745 - 0.001755
🛑 Stop Loss: 0.001680 (rigid stop loss)
🚀 Target 1: 0.001950
🚀 Target 2: 0.002100
Hard Logic: 1) Price Action (PA): After a massive surge, there has been no deep pullback, and the high-level consolidation indicates strong support. After a short squeeze, market sentiment resets. 2) Data-Driven: Taker Volume indicates active buying dominance, open interest (OI) is stable, combined with a negative funding rate, indicating that shorts are still in passive positions, providing fuel for subsequent short squeezes. 3) Market Psychology: The current consolidation is a healthy digestion of extreme gains, as long as it does not break below the mid-point of the massive bullish candle (0.00155), the upward structure remains intact. Small losses, big gains, with a favorable risk-reward ratio.
Trade here 👇$RVV
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