【$RAVE Signal】The short squeeze continues; pullbacks are a buy signal

$RAVE 1H timeframe: after a sharp spike on the higher timeframe, price consolidates at high levels. RSI surges to 84.5, and the buy-side order book shows a clear gap. On the 4H timeframe, price has already broken out above the upper Bollinger Band; the MACD histogram is still expanding; open interest is stable; and with the funding rate below zero, the shorts are being continuously squeezed.

🎯 Direction: Buy on pullback

⚡ Entry/Order: Place a pending order around 1.663

🛑 Stop loss: 0.59819

🚀 Target 1: 1.66322

🚀 Target 2: 2.01823

🛡️ Trade management:
- Execution strategy: After reaching Target 1, reduce the position by 50% and move the stop loss up to the break-even level. If the price drops back to the entry zone, exit automatically to protect principal.

Order book depth shows 190K piled up above the sell at 1.9866, while the buy order stack is still fairly solid. On the 1-hour timeframe, the EMA20 at 1.53 forms dynamic support. If price pulls back into this area and is accompanied by shrinking trading volume, it’s a classic sign of funds stepping in to support. The current risk-reward ratio isn’t perfect, but the divergence between the funding rate below zero and the strong price action suggests the short squeeze momentum hasn’t finished yet.

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