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

$RAVE 1H level rally followed by a pullback, price repeatedly tests around 9.2. The 4H Bollinger Band upper band was pierced and pulled back, MACD histogram still expanding, but the 1H MACD momentum has started to shrink, RSI dropped from 76. The order book depth is unbalanced -8.08%, with thicker sell orders, but the funding rate is -0.4777%, indicating extremely high short position costs.

If the price can hold above 8.37, it signals a second bullish attack. The current price at 9.25 suggests taking some profits now, with a more cautious addition around 8.85.

🛑Defense must be placed below the 1H EMA50 at 7.06, specifically at 2.46.

🚀First target is the previous high area at 10.34; once reached, cut your position in half.

🚀Second target is the extension driven by market sentiment, roughly in the 11.5-12.0 range.

🛡️Trading management:
- Execution strategy: after reaching target 1, reduce position by 50%, and move stop-loss to breakeven. If the price falls back into the entry zone, exit automatically to protect capital.

Negative funding rate combined with sideways price at high levels is a typical short squeeze breeding ground. Short sellers pay the price every day they hold, providing hidden support for the price. The 1H volume did not significantly decrease after the surge, indicating active turnover, not just a pump-and-dump. The key is whether buy orders can regroup around 8.85-9.00, flushing out weak longs, making it easier to go long with confidence. For such high-volatility assets, the risk-reward ratio must be sufficient to justify trading.

Check real-time market 👇 $RAVE
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