$RVN/USDT - Bearish momentum is emerging: what will the future hold?📉
📊 Key levels:
Resistance: $0.01359000
Support: $0.01262000 (key level), $0.01250000 (minor support)
Current price: $0.01281000. As the price has broken below the key support level, market sentiment leans bearish, and further declines may occur.
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📈 Trading setup:
🟢 Bullish entry: If the price breaks back above $0.01359000
Target 1: $0.01380000
Target 2: $0.01400000
Stop loss: $0.01240000
🔴 Bearish entry: If the price drops below $0.01262000
Target 1: $0.01250000
Target 2: $0.01230000
Stop loss: $0.01280000
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Market outlook:
From the current trend, RVN/USDT is facing the key support level of $0.01262000 after a price decline. If this level is broken, a further drop to the $0.01250000 area may accelerate. Conversely, if the price can break above $0.01359000, an upward momentum may resume.
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💡 Risk management:
Ensure trading risk is controlled within 2-3% of capital.
Protect investments with strict stop-losses to avoid losses caused by market volatility.
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