CURRENT MOVE:
$RVN has exploded from $0.01076 to $0.02100, marking a massive +75% intraday rally. The RSI is extremely overbought (RSI ~99), and a large vertical green candle shows signs of FOMO-driven momentum.
🔴 Recommendation: SHORT TRADE SETUP
This type of sharp parabolic move is often unsustainable in the short term. With RSI overheated and price already showing rejection at the $0.02100 mark, a pullback or correction is likely.
Trade Setup (SHORT):
Entry: $0.01960 – $0.02050
Target 1: $0.01740
Target 2: $0.01580
Stop Loss: $0.02120
Why Short?
RSI near 99 = extreme overbought zone
Massive vertical rally = high chance of profit-taking
Rejection wick at $0.021 signals seller activity
Volume spike suggests short-term exhaustion
Risk Management Tip:
If price breaks and holds above $0.02150, cut the short and reassess. Let the market cool before re-entering
Sell smart — don’t chase green candles when the trend is turning red!
Ride the momentum before it fades — profits favor the fearless!
buy and trade here on $RVN
