【$RAVE Signal】Pullback long positions, test the support and short squeeze potential below

$RAVE 1H level high-level oscillation, 4H Bollinger upper band around 17.8 with obvious resistance. MACD 1H histogram shrinking, bullish momentum weakening. Market buy depth imbalance at 37.86%, but funding rate at -0.1%, short positions have a relatively high entry cost. Under this structure, chasing highs greatly increases risk, and the risk-reward ratio is not ideal.

If the price can stabilize in the current zone, a pullback to the 15.2-15.8 range can be seen as a healthy chip exchange, with support testing again below.

🎯Direction: Pullback to go long (pending orders)

⚡Entry/Order placement: Place pending orders around 15.5

🛑Stop loss: 8.29263

🚀Target 1: 20.87461

🚀Target 2: 25.06861

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

4H EMA20 and EMA50 are opening upward, indicating the medium-term trend is still intact. 1H RSI has fallen from overbought to 61, providing room for a pullback. The key is whether the price can consolidate above the previous breakout level; in a negative funding rate environment, if the price does not fall sharply, it can easily trigger a short squeeze.

The entry zone is chosen conservatively to filter false breakouts, using space to gain certainty.

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