【$RAVE Signal】Short squeeze rebound, second surge targeting

$RAVE 1H level rally then pullback, RSI from 76.72 high cooling down, buying depth imbalance -8.08%, bears continue to be squeezed in a negative fee environment. 4H MACD histogram still expanding, but 1H momentum contracting, typical of high-level turnover after a sharp rise.

🎯Direction: Pullback to go long

⚡Entry/Order: Place a pending order around 8.36, which is the Fibonacci retracement level of the previous rally, also a potential support zone for the 1H EMA20.

🛑Stop loss: 2.46163

🚀Target 1: 8.36747

🚀Target 2: 10.33608

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

Funding rate -0.4777%, extremely high cost for short positions, which is potential fuel for a short squeeze. The 1H Bollinger upper band is at 10.58; if the price can hold above the middle band at 7.06 and test the upper band again, the probability is not small. Current open interest is stable, no signs of large-scale exit, more like a technical pullback after profit-taking. The risk-reward ratio is worth a try here, but be prepared for slippage; in such high-volatility coins, any reversal can be very intense.

Check real-time market 👇 $RAVE
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