RAVE has stabilized above the 0.48 support level, and the short-term technical outlook has started to strengthen.

From the technical indicators, on the 1-hour chart, the MA7 has crossed above the MA25 to form a golden cross, with the price staying close to the moving averages and moving upward. The MACD histogram, which was narrowing, is gradually expanding again — this is not the pattern of a weak rebound. The contract basis has shifted from -0.5% to positive, and the nearby contracts still have a slight premium, indicating that short-term bearish funds are retreating.

More interesting are the details on the order book: active buy orders at key levels have noticeably increased, large traders' long-short ratio has quietly risen to 1.3, and retail traders haven't yet flooded in with follow-up orders. This stage is characterized by institutional funds positioning in advance. The previous trapped positions are mainly accumulated above 0.6, so the short-term rebound pressure isn't very high.

If you want to participate, you can try a light long position in the 0.56-0.57 range, with a stop-loss below 0.53. Once the price breaks below, exit decisively. The first target is 0.59; if it breaks through, 0.62 comes into view. However, the overall trend hasn't fully reversed yet, so avoid heavy positions in short-term trades. Watch the momentum on shorter cycles, and take profits when it looks like the upward energy is waning.