$RVN Just Got Shaken – Longs Wiped Out at $0.01494
A brutal $2.35K long liquidation at $0.01494 signals fear, but also opportunity. When weak hands drop, smart money prepares.
What Just Happened?
The recent liquidation suggests leveraged long positions were caught off guard during a sharp price dip, likely triggered by a sudden sell-off or whale movement. This flush creates a liquidity pocket – a region of interest for reversal plays or accumulation zones.
Technical Analysis & Strategy
Buy Zone:
$0.01380 to $0.01420
This is a key support range based on historical demand, high-volume nodes, and liquidation interest. A re-entry or double-tap in this zone could invite a bullish reaction.
Target Levels:
Target 1: $0.01620 (local resistance and first Fibonacci retracement)
Target 2: $0.01740 (previous breakdown level)
Target 3: $0.01890 (macro swing resistance and breakout confirmation)
Stop Loss:
Below $0.01350
A break below this invalidates the current bullish structure and confirms continued downside pressure.
Why This Matters:
The liquidation level at $0.01494 may now act as a magnet for price. If bulls reclaim this level with strong volume, we could see a swift move to higher targets. However, a rejection here could trap more longs and cause another sweep lower.
Final Thoughts:
Ravencoin is showing volatility that traders crave. The recent liquidation is not a sign to panic, but a signal to prepare. Watch volume, reclaim levels, and respect your stops. The next big move is loading.
