📉 $RVN
/ USDT – EPIC SPIKE… BUT CAN IT HOLD? ⚠️🔥
Ravencoin ($RVN) exploded from the $0.01200 region all the way to a shocking $0.02782, nearly +130% spike, before crashing back down to $0.01573. This massive wick suggests a classic liquidity hunt or a whale-driven pump-and-dump. Price is now back under pressure, with sellers dominating the post-spike zone.
This is a high-risk zone. If $RVN reclaims $0.0180 and consolidates with volume, a second wave might come. But failure to hold above $0.0150 could drag it back to the $0.0130 zone.
📊 Trade Setup (Short Bias unless reclaimed)
Entry (Short): $0.01560 – $0.01600
TP1: $0.01420
TP2: $0.01300
SL: $0.01660
🔍 Resistance: $0.01800
🛡 Support: $0.01300
🚨 Caution: Sudden spikes = trap potential. Avoid leverage unless structure reforms.