$RVN /USDT – BEARISH MOMENTUM CONTINUES 📉🔥
Ravencoin ($RVN) is showing bearish pressure after a strong rejection near resistance, with price now sitting at $0.01344, down 12.27% in the last 24 hours.
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📊 KEY LEVELS TO WATCH:
🔻 Resistance Zones:
$0.01460 – Recent rejection zone (4H wick)
$0.01560 – 24H High / Major supply zone
🟢 Support Zones:
$0.01290 – 24H Low / Key local demand
$0.01250 – Critical support (if broken, expect accelerated downside)
📌 Current Price: $0.01344
📈 MA(7): 0.01343 | MA(25): 0.01333 | MA(99): 0.01398
MACD & SAR both signal continuation to the downside.
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🎯 TRADE SETUP (SHORT ENTRY):
🔸 Entry: $0.01340 – $0.01350
🔻 Stop Loss: $0.01470 (above resistance & MA(99))
🎯 Targets:
TP1: $0.01290
TP2: $0.01250
TP3: $0.01190 (extended support zone)
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⚠️ RISK MANAGEMENT:
Risk only 1-2% of your capital, ensure proper position sizing, and avoid overleveraging. Always follow your strategy with discipline
#MarketPullback #CircleIPO #CircleIPO #CUDISBinanceTGE #w $RVN