#RVN Trading volume explodes! Technical indicators show death signals, could there be bloodshed tomorrow?
Today's RVN movement is really thrilling! The price dropped from 0.021 to 0.0163, a decline of over 12%. The intensity of this correction is truly heart-pounding! However, the trading volume is exceptionally high, indicating a fierce battle between bulls and bears.
Technically bearish, with short-term moving averages pressing down, MACD momentum weakening, and KDJ also showing signs of a death cross. But the support level is around 0.0163, which is critical; if it holds, there might be a rebound, but if it breaks, we could test the previous low of 0.015.
Overall, RVN may continue to correct in the short term, but the support below is also strong. Personally, I feel that the short-term risks outweigh the opportunities; aggressive traders can wait for a pullback to the support level to take a small position for a rebound, while conservative traders should continue to observe and wait for clear direction before acting.
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