【$RAVE Signal】Short squeeze in progress, pullbacks are opportunities

$RAVE 1H RSI soared to 87.98, price pushed above the upper Bollinger Band, a typical overbought overheating. But the negative funding rate of -0.6288% coexists with stable open interest, indicating ample bearish fuel. The 4H MACD histogram is still expanding, and buying momentum has not exhausted.

🎯Direction: Pullback to go long

⚡Entry/Order: Set near 2.74445

🛑Stop loss: 1.06276

🚀Target 1: 3.03157

🚀Target 2: 3.68785

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

Order book depth shows a sell wall concentrated above 2.76, with weak buy-side depth. Once the price breaks through this area, the short squeeze force will be strong. The 1-hour EMA20 forms a dynamic support at 2.24, combined with the negative funding rate, creating a classic short squeeze structure—pullbacks are opportunities for bulls to enter. Stable open interest indicates funds have not left but are waiting for the next wave of momentum.

Check real-time market 👇 $RAVE
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