Trade Setup🎯$RVN (Short)
Entry Zone 0.00597 - 0.00599
TP:1 0.00588
TP:2 0.00585
Stop Loss Above 0.00605
Technical Structure
The 15-minute chart shows a Bearish Rejection at the 0.00600 psychological resistance level. After a sharp upward move, the price has formed a "Lower High" and is currently breaking below the immediate support of the previous consolidation zone.
Trend: Short-term Bearish (Corrective phase).
Resistance: 0.00600 (Strong supply zone).
Support: 0.00585 (Recent swing low).
Volume: Decreasing on the latest green candles, indicating exhausting buying pressure.
$RVN is facing heavy rejection at the 0.0060 resistance. With momentum fading and a bearish structure forming on the 15m timeframe, a move toward 0.00585 looks likely. Keep stops tight above the recent high. Trade safe! 🚀📉
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