【$RAVE Signal】Short squeeze continues, caution needed when chasing higher

$RAVE 1H level RSI surges to 84.64, price has broken above the upper Bollinger Band. The 4H level is also in overbought territory, with MACD double lines expanding strongly. However, the negative funding rate is as high as -0.63%, while open interest remains stable. This combination of stubborn prices and inverted funding costs is often a typical feature of a short squeeze market. Sell orders are clearly stacking above 5.27, but buy order depth is insufficient; upward movement requires sustained volume increase.

🎯Direction: Watch and wait (breakout pending orders)

⚡Entry/Order: 5.23626

🛑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 into the entry zone, automatically exit to protect capital.

The current risk-reward ratio is not ideal; chasing higher is very risky. A more prudent strategy is to wait for a price pullback to confirm support or a volume breakout above the dense order zone. The 4H EMA50 is at 1.42, which is too far from the current price to serve as a stop loss reference; it needs to be combined with a closer 1H structure. Funds are pushing the price higher, but the negative funding rate indicates that bears have not fully surrendered, and the game continues.

Check real-time market 👇 $RAVE
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