Market Overview😎
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.
✅ Trading Signal 1: Breakout Continuation Trade
🔹 Entry Zone: 0.01600 – 0.01630
🔹 Take Profit (TP): 0.01950 – 0.02100
🔹 Stop Loss (SL): 0.01510
🔹 Risk/Reward: 1:4+
📊 Reasoning:
Retesting breakout zone and now forming higher lows.
Bullish engulfing on 4H candle confirms buyers stepping in again.
✅ Trading Signal 2: Pullback Buy Opportunity
🔹 Entry Zone: 0.01480 – 0.01520 (in case of a dip)
🔹 Take Profit (TP): 0.01780 – 0.01890
🔹 Stop Loss (SL): 0.01400
🔹 Risk/Reward: 1:3.5+
📊 Reasoning:
Ideal dip buying opportunity at former resistance zone now acting as support.
Strong volume support seen on recent green candles.
✅ Trading Signal 3: Scalping Range Play (Short-Term Trade)
🔹 Entry Zone: 0.01600
🔹 Take Profit (TP): 0.01690 – 0.01720
🔹 Stop Loss (SL): 0.01570
🔹 Risk/Reward: 1:2+
📊 Reasoning:
Current momentum is bullish; minor retracements offer intraday scalping.
RSI recovering from oversold, MACD crossover on 4H indicates short-term continuation.
🔒 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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