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

$RAVE 1H timeframe surges then consolidates at high levels, RSI soars to 99.4, 4H Bollinger Bands fully open with price above the upper band. In a negative funding rate environment, open interest remains stable, buy-side depth exceeds sell-side by 13%, and passive short covering pressure persists.

🎯Direction: Pullback to go long

⚡Entry/Order: Place a pending order around 1.663

🛑Stop loss: 0.598

🚀Target 1: 1.663

🚀Target 2: 2.018

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

1H MACD fast and slow lines are still diverging upward, indicating clear capital support. This extreme overbought condition often persists in short squeeze markets, with the key being that open interest has not decreased. The sell orders above the current price are not heavy, offering relatively small resistance, and the risk-reward ratio remains attractive under the current structure.

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