【$RAVE Signal】Short squeeze pullback, sniper rebound

$RAVE 1H timeframe high-level consolidation, 4H Bollinger Bands break above the upper band, RSI soaring to 89, severely overbought. Funding rate -0.445%, short positions are being continuously charged, but the price has not dropped significantly, a typical short squeeze buildup structure.

🎯Direction: Pullback to go long

⚡Entry/Order: Enter at the current price around 5.77, or place a pending order at 5.74 for ambush

🛑Stop loss: 1.6125

🚀Target 1: 5.77412

🚀Target 2: 5.79724

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

Order book buy depth is significantly better than sell depth, bid/ask ratio 2.17, strong willingness to support from below. Although the 1H MACD histogram is shrinking, the two lines are still above the zero line, indicating bullish momentum has not faded. The 4H level shows volume and price rising together, breaking through long-term consolidation. This kind of pullback after a large initial surge is often the golden pit before a second jump. In a negative funding rate environment, the price remains firm, and short covering could become the next driving force.

Check real-time quotes 👇 $RAVE
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