【$RAVE Signal】Short squeeze continues, caution needed when chasing higher

$RAVE 1H timeframe surges then pulls back, buying volume shows a gap around 5.47. The 4H Bollinger Bands are fully open, price has broken above the upper band, RSI skyrocketed to 91.78, indicating a strong overbought signal. The MACD histogram on the 1H remains expanding, but volume shrank on the last candle, indicating active chasing higher funds are starting to hesitate.

🎯Direction: Wait and see (breakout pending order)

⚡Entry/Order: 5.26562

🛑Stop loss: 1.41648

🚀Target 1: 5.26562

🚀Target 2: 5.28670

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

Order book depth shows a sell wall concentrated around 5.27-5.27, buy orders are insufficient, depth imbalance at -15.42%. Funding rate is -0.63%, short position costs are very high, with a basis for short squeeze, but current price has already overextended most of its momentum. This position has a very low risk-reward ratio, not suitable for heavy betting, only small positions for breakout orders to ride the inertia of upward push.

Check real-time quotes 👇 $RAVE
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