【$RAVE Signal】Continuation of short squeeze, dip to go long

$RAVE 1H timeframe spikes then consolidates at high levels, RSI surges to 99.4, 4H Bollinger Bands fully open with price above upper band. In a negative funding rate environment, open interest remains stable, buy-side depth exceeds sell-side by 13%, and passive short covering pressure persists.

🎯Direction: Pullback to go long

⚡Entry/Order: Place pending order around 1.663

🛑Stop loss: 0.598

🚀Target 1: 1.663

🚀Target 2: 2.018

🛡️Trade management:
- Execution strategy: Reduce 50% of position upon reaching Target 1, move stop loss to break-even. If price falls back to entry level, automatically exit to protect principal.

1H MACD fast and slow lines are still diverging upward, indicating clear capital support. This extreme overbought condition often persists in short squeeze markets, with the key being that open interest has not decreased. The sell orders above current price are not heavy, offering smaller resistance, and the risk-reward ratio remains attractive under the current structure.

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