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$RAVE 0.6671 idle, retail traders are 75% long, funding rate is 0.0831%, longs are paying.
I've seen too many of these charts; when retail traders pile up long, the big players won't boost them.
Open interest is still decreasing, indicating someone is quietly selling off, longs are just hyped up, and the big players are not taking the other side.
Funding rate of 0.0831% isn't particularly high, but combined with 75% long dominance, this is a typical sign of overheated retail sentiment. Once this bullish sentiment cools down, a correction could come at any time.
Stop loss at 0.746032, watch around 0.546. Don't over-leverage, this coin is volatile, 10% position size is enough.