📉 Market Insight:
$RVN N is currently in a short-term downtrend after failing to hold above the 25 MA. Price is consolidating around the 7 and 99 MAs, hinting at indecision. Volume has tapered off from recent highs, and momentum appears bearish but slowing.
📥 Entry Zone:
0.01540 – 0.01560
This area sits on the lower Bollinger Band and aligns with the 99 MA. It’s a potential support zone for bounce trades.
🎯 Targets:
Target 1: 0.01585 (7 MA retest)
Target 2: 0.01617 (25 MA / mid-range)
Target 3: 0.01665 (local high and resistance)
🛑 Stop Loss:
Below 0.01514
A clean breakdown below this level confirms bearish continuation, invalidating the long setup.
📊 Key Levels:
Support: 0.01540 / 0.01514
Resistance: 0.01585 / 0.01617 / 0.01665
Pivot Level: 0.01584 (7 MA)
💡 Pro Tip:
If entering long, wait for a bullish candle with increased volume near 0.01545. A failed bounce or rejection near 0.01585 may be a short opportunity toward 0.01510.
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