【$RAVE Signal】Short squeeze logic, pull back to add long positions

$RAVE 1H timeframe high-level consolidation, funding rate drops to -0.1%, open interest remains above 30 million. The order book buy-side depth is clearly thicker than the sell-side, with an imbalance of 27%, and the bears are paying high costs to hold. The 4H MACD double lines are still above the zero line, but the histogram begins to shrink, indicating bullish momentum is slowing down.

🎯Direction: Pull back to go long

⚡Entry/Order: When the price pulls back near 2.0500, go long directly; aggressive traders can also try a small position at the current price of 2.1480.

🛑Stop loss: 0.7126

🚀Target 1: 2.0599

🚀Target 2: 2.5090

🛡️Trade management:
- Execution strategy: Halve the position near Target 1, and push the remaining position to break even with a stop loss. If the price cannot stay above 2.10, consider exiting early.

This pattern of negative funding rate combined with high open interest could trigger a short squeeze at any time. The 1H RSI has fallen from overbought territory to 83, providing a short-term breathing space. The current risk-reward ratio isn't perfect, but the market depth reveals the intention of funds to support the price, making it worthwhile to use a small position to gamble on a short covering rally.

Check real-time quotes 👇 $RAVE
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