【$RAVE Signal】Short squeeze pullback, betting on a second surge

$RAVE 1H level surges then pulls back, price consolidates around 9.58. The upper band of the 4H Bollinger Bands at 9.86 acts as resistance, but the 1H EMA20 (7.68) and EMA50 (5.44) have formed a bullish alignment supporting the bottom. Market depth is imbalanced at -12.49%, sell orders are sparse, buy orders are accumulating below. Funding rate is -0.31%, short positions are costly, indicating potential short squeeze fuel.

🎯Direction: Pullback to go long

⚡Entry/Order: Enter around 9.53 directly, or place a pending order at 9.00

🛑Stop loss: 2.7466

🚀Target 1: 9.57501

🚀Target 2: 9.61334

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

Currently, the 1H MACD red bars are shortening, bullish momentum is slowing but not exhausted. The 1H RSI has fallen from a high of 78.96, releasing overbought pressure and preparing for another push higher. Position size remains stable, no large capital outflows observed. In this negative fee environment, sideways price action often reflects profit-taking rather than trend termination. The risk-reward ratio remains attractive under the current structure, with patience key at entry points.

Check real-time quotes 👇 $RAVE
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