【$RAVE Signal】Short squeeze continues, bullish short covering under negative funding rates

$RAVE 1H timeframe price has broken above the upper Bollinger Band, and the 4H timeframe is also outside the upper band, indicating an extremely overbought condition. RSI has soared to 88, showing signs of a buying volume gap. But with a funding rate as high as -2%, and open interest stable, the bears are still paying high costs. Under this structure, the price holding firm itself is a sign of strength.

🎯Direction: Pullback to go long

⚡Entry/Order: Set around 3.50

🛑Stop Loss: 1.24325

🚀Target 1: 3.91854

🚀Target 2: 3.93423

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

The order book shows over 900 units of sell orders stacked above 3.9223, but buy order depth is weak, indicating clear resistance above. MACD on both 1H and 4H timeframes shows bullish expansion, and momentum remains strong. The negative funding rate environment combined with sideways price action is typical of a short squeeze fuel. The risk-reward ratio in this extreme volatility requires stricter entry discipline; chasing high is akin to playing with fire.

Check real-time market 👇 $RAVE
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