On the 15m chart, RVN just pulled off a “knife-edge bounce” 🥶
That wick at 0.001639 sliced straight through the psychological support,
but the price was pulled back to 0.001727 at close, the MACD histogram turned green, and RSI returned to 49.8.
The strategy says: all the key conditions are met—the oversold recovery signal is flashing.
But the 1h, 4h, and 1d charts are all still pinned below the bearish moving-average cluster—
This isn’t a trend reversal, just a breather in a downtrend 💨
My plan:
Place a limit order at 0.001639, with a stop-loss at 0.001637 (-0.1%).
Cancel if it doesn’t fill within 20 15m candles. Testing the waters with a small position—no fighting the trend.
CCI is now at -53—not extremely overbought or oversold.
Bulls want to call a reversal? First chew through the moving-average cluster overhead 🔥
Bears want to smash through support? Are you willing to break 0.001637?
How far do you think this oversold recovery can go?
⚠️ Technical analysis is for reference only and does not constitute investment advice
#RVN $RVN
That wick at 0.001639 sliced straight through the psychological support,
but the price was pulled back to 0.001727 at close, the MACD histogram turned green, and RSI returned to 49.8.
The strategy says: all the key conditions are met—the oversold recovery signal is flashing.
But the 1h, 4h, and 1d charts are all still pinned below the bearish moving-average cluster—
This isn’t a trend reversal, just a breather in a downtrend 💨
My plan:
Place a limit order at 0.001639, with a stop-loss at 0.001637 (-0.1%).
Cancel if it doesn’t fill within 20 15m candles. Testing the waters with a small position—no fighting the trend.
CCI is now at -53—not extremely overbought or oversold.
Bulls want to call a reversal? First chew through the moving-average cluster overhead 🔥
Bears want to smash through support? Are you willing to break 0.001637?
How far do you think this oversold recovery can go?
⚠️ Technical analysis is for reference only and does not constitute investment advice
#RVN $RVN