【$RAVE Signal】Pullback to go long, betting on negative funding rate to squeeze the short positions

$RAVE 1H level rally and pullback, Bollinger upper band around 18.09 shows selling pressure. MACD 1H histogram contracts, bullish momentum diminishes. Funding rate -1.21%, short positions have high entry costs, but no crash-like decline occurs, indicating potential for short squeeze.

If the price can find support in the 16.00-16.52 range, it can be seen as a sign that the bulls' defense is solid.

⚡Entry: Go long directly around 16.52.

🛑Stop loss: 5.66.

🚀Target 1: 18.10.

🚀Target 2: 22.25.

🛡️Trade management: - Execute strategy: Half position at Target 1, move stop loss to cost basis. Exit and observe if the price retraces to entry level.

The 4H MACD is still expanding, and the trend remains intact. The 1H RSI has fallen from high levels to 65, providing some breathing room. In a negative funding rate environment, sideways movement or slight pullbacks indicate strength, with decent buy support below and passive shorts. Under this structure, risk-reward ratio is favorable, and the odds favor the bulls.

Check real-time market 👇 $RAVE
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