🔥 $RVN: Pivotal Point or More Pullback? 🧐
Ravencoin currently navigates a tight range, showing some buyer interest at lower levels but facing notable overhead resistance from key moving averages. The immediate trend appears corrective within a larger consolidation phase. Keeping a close watch on critical levels is essential.
📊 Trading Outlook:
➡️ Potential leveraged long if we see a decisive break and sustained hold above the ~0.0260 resistance zone. A successful reclaim could open the path towards ~0.0280 as the next area of interest.
⬅️ Potential leveraged short if the price loses footing and breaks below the recent support around ~0.0220. This could signal further downside, with a possible target near the ~0.0200 mark. Also, rejection from current resistance could offer a short setup.
Always practice sound risk management in your trades.
⚠️ NFA/DYOR.
