【$RAVE Signal】High-level consolidation, bearish sniper attack

$RAVE 1H timeframe high-level sideways trading, buy orders broken. RSI surging to 89, 4H Bollinger Bands breaking out above the upper band, MACD histogram beginning to shrink, bullish momentum weakening. Market depth imbalance, sell walls significantly thicker than buy walls, weakening capital support.

🎯Direction: Short

⚡Entry: Short directly near the current price of 5.775, or add to short on rebound near 5.797.

🛑Stop loss: 1.6125

🚀Target 1: 5.77412

🚀Target 2: 5.79724

🛡️Trade management: - Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss down to the entry point. If the price rebounds and breaks through the entry point, exit automatically.

Negative funding rate -0.445% persists, but open interest remains stable. This is not a healthy short squeeze structure; it looks more like the final struggle before bulls take profits. Three consecutive 1H candles fail to effectively break previous highs, with declining volume—direct evidence of capital leaving the market. Although the 4H remains in an upward channel, extreme overbought conditions require a proper correction to release risk. The risk-reward ratio at this position is not friendly, but volatility presents opportunities.

Check real-time market 👇 $RAVE
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