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【$RAVE Signal】Short squeeze continues, dip to go long
$RAVE 1H timeframe consolidating at high levels, 4H MACD shows bullish crossover, bullish momentum not exhausted. Negative funding rate -0.3164% continues to pressure bears, open interest stable, no signs of large-scale profit-taking. Buy orders around 2.115 are clearly stacking, exposing the support intent.
🎯Direction: Pullback to go long
⚡Entry/Order: Buy directly on dip near 2.105, aggressive traders can try a small position at current price 2.116.
🛑Stop loss: 0.7675
🚀Target 1: 2.225
🚀Target 2: 2.711
🛡️Trade management:
- Execution strategy: Half position at Target 1, remaining to break even. If price falls back into entry zone, exit unconditionally.
1H RSI has fallen from overbought to 69.5, healthy correction. 4H Bollinger upper band at 2.394 still has room, but 1H MACD histogram turns negative, short-term digestion needed. In this negative funding environment, price holding firm is the strongest signal, passive add to short positions is potential fuel. The risk-reward ratio isn't perfect, but Hot Coin's volatility is enough to cover risks, key points are position control and decisive execution.
View real-time quotes 👇 $RAVE
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