【$RAVE Signal】Short squeeze retracement, sniper second surge

$RAVE 1H level rally and pullback, RSI from 76.72 high cooling down, buying depth imbalance -8.08%, bears continue to be squeezed in a negative fee environment. 4H MACD histogram still expanding, but 1H momentum contracting, typical high-level turnover after rapid rise.

🎯Direction: Pullback to go long

⚡Entry/Order: Place a pending order around 8.36, which is the Fibonacci retracement level of the previous rally, also a potential support zone at the 1H EMA20.

🛑Stop loss: 2.46163

🚀Target 1: 8.36747

🚀Target 2: 10.33608

🛡️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, exit automatically to protect principal.

Funding rate -0.4777%, extremely high cost for short positions, which is potential fuel for a short squeeze. The upper Bollinger Band on 1H is at 10.58, if the price can hold above the middle band at 7.06 and test the upper band again, the probability is not small. Current position volume is stable, no signs of large-scale escape, more like a technical retracement after profit-taking. The risk-reward ratio is worth a try here, but with good risk management, as this highly volatile coin can have sharp reversals.

Check real-time market 👇 $RAVE
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