【$RAVE Signal】Short squeeze continues, 1H strong rebound for long entries

$RAVE The 1H timeframe is consolidating strongly above the EMA20, just after a massive surge, the price is refusing a deep correction, which is a typical sign of a strong short squeeze. A single large bullish candle on the 4H chart confirms an upward trend. Although the 1H RSI is high, the negative funding rate and stable open interest indicate that the bears are still resisting, fueling the continuation of the short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.440 - 0.442 (Reason: The dynamic support zone of 1H EMA20 coincides with the previous small consolidation platform, strong rebound point)

🛑Stop Loss: 0.432 (Reason: Breaking below the 1H EMA50 support and the previous 1H candle low, indicating a potential weakening trend)

🚀Target 1: 0.455 (Reason: Previous high resistance level and psychological whole number)

🚀Target 2: 0.468 (Reason: Based on the recent upward wave height and the 1.236 Fibonacci extension level)

🛡Trade Management:

- Position Size: Light (Reason: The intraday gains are significant, volatility is very high, risk control is essential)

- Strategy: After reaching Target 1, reduce position by 50% and lock in partial profits. Move the stop loss of the remaining position to the entry price. If the price strongly breaks through 0.455, consider aiming for 0.468 with the remaining position.

Deep Logic: Data reveals key signals. 1) Funding rate -0.1649%, indicating high costs for short positions and ongoing momentum for short squeeze. 2) Open interest remains stable; after a large price increase, there is no significant capital outflow, suggesting main players or new funds are still active. 3) Order book depth shows sell orders stacked above 0.444, but buy orders are dense between 0.443-0.444, indicating strong support below. 4) The buy/sell ratio on the latest 1H candle is 0.48, slightly skewed towards sellers, which provides a healthy correction reason rather than trend reversal. Overall, this is a typical “uptrend continuation” pattern; using a pullback to buy low offers a better risk-reward ratio.

Check real-time market 👇 $RAVE

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