【$RAVE Signal】Short squeeze continues, be cautious when chasing gains

$RAVE 1H level surge and pullback, buying pressure shows a gap around 5.47. The 4H Bollinger Bands are fully open, price has broken above the upper band, RSI soared to 91.78, indicating a strong overbought signal. The 1H MACD histogram is still expanding, but trading volume on the last candle is shrinking, and active chasing of highs is causing hesitation among funds.

🎯Direction: Wait and see (breakout pending orders)

⚡Entry/Order: 5.26562

🛑Stop loss: 1.41648

🚀Target 1: 5.26562

🚀Target 2: 5.28670

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

Order book depth shows a sell wall concentrated around 5.27-5.27, with insufficient buy-side depth, imbalance of -15.42%. Funding rate is -0.63%, indicating very high short-term holding costs, with a basis for a short squeeze, but current price has already overextended most of its momentum. This position has a very low risk-reward ratio, not suitable for heavy betting, only small positions for breakout orders to ride the inertia of upward momentum.

Check real-time market 👇 $RAVE
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