【$RAVE Signal】Short squeeze rebound, long positions sniper

$RAVE After a surge on the 1H timeframe, the price repeatedly tests around 2.10. The upper band of the 4H Bollinger Bands at 2.055 has been pierced, but the 1H RSI is as high as 84, indicating signs of short-term buying momentum weakening. Market data shows sell walls stacking above 2.099, while buy orders form dense support around 2.098, with bulls and bears fiercely contesting this area.

Funding rate -0.095%, open interest stable, indicating a short squeeze basis. Currently, chasing the price higher directly carries higher risk; it’s better to wait for a healthy pullback.

🎯Direction: Buy on pullback

⚡Entry/Order: Near the lower boundary of the 1.05741 - 2.08737 range, specifically placing an order around 1.06.

🛑Stop loss: 0.65441

🚀Target 1: 2.09706

🚀Target 2: 2.10546

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce half of the position, and move the remaining stop loss up to the entry price. If the price fails to hold above 2.087 and falls back, consider exiting early.

The 4H MACD fast and slow lines are opening upward, and momentum is still expanding. However, on the 1H timeframe, the price and MACD histogram show slight divergence, with the upward slope slowing down. This position’s risk-reward ratio isn’t perfect, but in a negative funding rate environment, a quick pullback often signals bulls preparing for another move. The key is the strength of support, with the 1.60-1.65 zone being a previous accumulation area and also where the 4H EMA20 is located. Watch for volume changes on the pullback to this zone.

Check real-time market 👇 $RAVE
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