【$RAVE Signal】Short squeeze continues, dip to go long

$RAVE The 4H timeframe price has broken out above the upper Bollinger Band, RSI soared to 93.62, with clear signs of a buying gap. The 1H MACD histogram is still expanding, but trading volume has significantly decreased in the past hour, indicating weakening momentum for chasing the high. Market data shows sell orders accumulating above 0.486, with capital support intentions exposed around 0.485.

🎯Direction: Pullback to go long

⚡Entry: Place orders in the range of 0.37675 - 0.38646

🛑Stop loss: 0.33710

🚀Target 1: 0.58389

🚀Target 2: 0.68261

🛡️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 into the entry zone, exit automatically to protect capital.

Position remains stable, funding rate is positive but not at extreme levels. Short squeeze logic persists but watch out for short-term profit-taking. The 1-hour EMA20 at 0.3884 provides dynamic support; if the price dips back to this area with volume increasing again, it’s an ideal point for a second bullish push. Current risk-reward ratio exceeds 4, favoring the odds, but patience is needed to wait for a structural pullback before entering, avoiding chasing at emotional peaks.

Check real-time market 👇 $RAVE
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