【$RAVE Signal】Pullback confirmation, sniper short squeeze rebound

$RAVE 1H level surge and pullback, price repeatedly tests around 2.07. The 4H MACD red histogram begins to shrink, but the 1H MACD fast and slow lines form a death cross downward, indicating weakening momentum. The order book shows significantly more sell orders than buy orders, with a depth imbalance of -5.02%. Negative fee rate of -0.38% continues to pressure the market, but open interest remains stable, and shorts have not exited in large numbers.

🎯Direction: Long (pullback orders)

⚡Entry/Order: Hidden near the lower boundary of the 1.24919 - 2.06387 range, specifically at 1.25.

🛑Stop loss: 0.76575

🚀Target 1: 2.21608

🚀Target 2: 2.69952

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

Currently, RSI is as high as 93, extremely overbought, and chasing the high carries great risk. However, in a negative fee rate environment, if the price can find support at the lower end of the 1.25-2.06 range, it can easily trigger short covering and a quick rebound. For such high-volatility assets, risk-reward ratio is the top priority. The entry at 1.25 brings the risk-reward ratio into an acceptable range.

Check real-time market 👇 $RAVE
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