$RVN /USDT BEARISH BREAKDOWN IN PLAY – MORE DOWNSIDE AHEAD? 🔻🔥
Ravencoin (RVN) is currently trading at $0.01976 (-9.94%), sharply down on the day and showing signs of weakness after failing to hold above key short-term levels. Despite a near-flat MACD, price action and RSI suggest bearish continuation unless bulls reclaim control quickly. 📉
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📊 TECHNICAL OVERVIEW:
Current Price: $0.01976
EMA(7): $0.01988
EMA(25): $0.01954
EMA(99): $0.01910
MACD: -0.00000 (neutral-bearish bias)
RSI(6): 47.35 (weak momentum)
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📉 KEY LEVELS:
Support Zones
🛡️ $0.01910 (EMA99 support)
🛡️ $0.01820 (24h low & major structure zone)
Resistance Zones
🔺 $0.02025 (short-term rejection area)
🔺 $0.02080 (first recovery hurdle)
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📉 TRADE SETUP – SHORT OPPORTUNITY 🔥
Entry: $0.01965 (below EMA cluster + weakness confirmation)
Target 1 (TP1): $0.01910
Target 2 (TP2): $0.01825
Stop Loss (SL): $0.02045 (above recent rejection zone)
📊 Risk/Reward: ~2.5 – high reward if bears sustain pressure
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🛡️ RISK MANAGEMENT TIP:
Risk max 1–2% of capital per trade
Use trailing SL if price hits TP1
Monitor volume spikes for fakeouts near $0.019 support
🔥 RVN under heavy pressure – bears dominating unless key levels flip!