Market Overview๐
Massive breakout spike occurred recently with RVN/USDT jumping from around 0.01101 to a high of 0.02200.
Followed by a sharp correction forming a bullish flag or bullish retracement structure.
Current price at 0.01617 suggests momentum recovery with a potential second leg up forming.
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Trading Signal 1: Breakout Continuation Trade
๐น Entry Zone: 0.01600 โ 0.01630
๐น Take Profit (TP): 0.01950 โ 0.02100
๐น Stop Loss (SL): 0.01510
๐น Risk/Reward: 1:4+
๐ Reasoning:
Retesting breakout zone and now forming higher lows.
Bullish engulfing on 4H candle confirms buyers stepping in again.
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Trading Signal 2: Pullback Buy Opportunity
๐น Entry Zone: 0.01480 โ 0.01520 (in case of a dip)
๐น Take Profit (TP): 0.01780 โ 0.01890
๐น Stop Loss (SL): 0.01400
๐น Risk/Reward: 1:3.5+
๐ Reasoning:
Ideal dip buying opportunity at former resistance zone now acting as support.
Strong volume support seen on recent green candles.
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Trading Signal 3: Scalping Range Play (Short-Term Trade)
๐น Entry Zone: 0.01600
๐น Take Profit (TP): 0.01690 โ 0.01720
๐น Stop Loss (SL): 0.01570
๐น Risk/Reward: 1:2+
๐ Reasoning:
Current momentum is bullish; minor retracements offer intraday scalping.
RSI recovering from oversold, MACD crossover on 4H indicates short-term continuation.
๐ Risk Management Reminder:
Always use stop-loss and adjust position sizing. Crypto markets are volatile; no signal is ever truly 100% guaranteed.
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