🔴
$RVN /USDT – SHORT SIGNAL
Current Price: 0.001308
Bias: Bearish 📉
Trade Plan
Entry: 0.001305 – 0.001315
Stop Loss (SL): 0.001345
🎯 Take Profits:
TP1: 0.001285
TP2: 0.001260
TP3: 0.001230
Trade here
$RVN Analysis
Strong bearish pressure, down 5.42% in 24 hours.
Price trading close to 24h support at 0.001289.
30-day performance: -42.28%.
90-day performance: -63.77%.
1-year performance: -87.10%.
Sellers appear to be dominating.
Further downside possible if support breaks.
Confirmation
A clean 15m candle close below 0.001289 with increased selling volume could confirm bearish continuation.
Risk-to-Reward
Approximate R:R (using midpoint entry):
TP1: 1:0.6
TP2: 1:1.3
TP3: 1:2.1
⚠️ Avoid chasing the price. Wait for breakdown or a failed retest. Risk management is essential.
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