【$RAVE Signal】Short squeeze structure, pull back to go long

$RAVE 1H timeframe high-level sideways trading, volume breakout on 4H timeframe followed by a phase of chip digestion. RSI soared to 98.9, short-term buying power exhausted, but funding rate and open interest are rising together, so the short squeeze logic still holds.

🎯Direction: Pull back to buy

⚡Entry/Order: 1.3864 - 1.59441 (Based on 1H EMA20 and previous breakout levels, layered entries)

🛑Stop loss: 0.58317

🚀Target 1: 1.58325

🚀Target 2: 1.91661

🛡️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, automatically exit to protect principal.

Sell orders are clearly stacked above 1.602, but buy orders below around 1.601 are thicker, exposing the market support intent. The 1H MACD histogram turning negative is a healthy pullback signal, not a trend reversal. Coupled with positive funding rate, a pullback is an opportunity for bulls to re-enter. The risk-reward ratio at this position is worth a shot.

Check real-time market 👇 $RAVE
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