🚨 $RVN /USDT BEARISH PRESSURE AFTER FAILED BREAKOUT – SHORT OPPORTUNITY UNFOLDS!
$RVN spiked sharply but failed to hold above $0.01620, forming a strong upper wick followed by consecutive red candles on the 15M chart. The bulls lost momentum, and the recent breakdown below $0.01580 support hints at a short-term reversal setup.
Trade Setup (SHORT):
Entry Price: $0.01560 – $0.01580
Target 1: $0.01530
Target 2: $0.01500
Stop Loss: $0.01610
Why Short?
The rapid upside move has been rejected with heavy selling pressure, evident from the upper wick and bearish engulfing pattern. A lower high has formed, and volume is fading — indicating the buyers are weakening at the top.
Risk Management Tip:
Keep SL tight above $0.01610. Secure partials at TP1 and watch for price reaction near $0.01530 to trail your stop.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
Sell and Trade here on $RVN
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