📉 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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