$RVN Ready for a Breakout? Short Liquidation Hints at a Major Move
Ravencoin just saw a short liquidation worth $3,966.6 at the price of $0.01575 — and that’s not a number to ignore. It signals that short sellers are getting wiped out, possibly underestimating $RVN next big move.
Here’s the Full Technical Breakdown:
Buy Zone:
$0.01510 to $0.01570
This zone has proven to be a demand area with consistent bounce reactions. Accumulation in this range may give the best risk-reward setup.
Resistance Levels (Targets):
Target 1: $0.01680
Target 2: $0.01790
Target 3 (Breakout Zone): $0.01950
Breaking above $0.01950 with volume could spark a mid-term rally and confirm a bullish reversal pattern.
Stop-Loss:
Strict stop-loss at $0.01460 to protect from any bearish fakeouts. This level is below the key support range and a breakdown here might invite more sellers.
Why This Setup Matters:
With shorts getting liquidated and price defending critical support, $RVN could be gearing up for a trend shift. Smart money often enters after a liquidation flush — this could be that moment.
Watch for:
Volume confirmation on any move above $0.01680
Rejection at $0.01790 could lead to another pullback — remain cautious and don’t chase
