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#RVN — New ATL incoming? or ready to bounce? 👀🐦
On the weekly chart, $RVN is sitting on a crucial support zone $0.007–$0.011. If this level fails, a new ATL is likely. Price action and indicators still aren’t showing a strong rebound — so this setup is worth watching 👇
Plan:
Short on support breakdown → SL slightly above the breakdown candle/wick, targeting the 0.618–0.786 fib zone 📉
Long only if price breaks out of the falling wedge resistance at $0.025 📈
#otcamp
$RVN
On the weekly chart, $RVN is sitting on a crucial support zone $0.007–$0.011. If this level fails, a new ATL is likely. Price action and indicators still aren’t showing a strong rebound — so this setup is worth watching 👇
Plan:
Short on support breakdown → SL slightly above the breakdown candle/wick, targeting the 0.618–0.786 fib zone 📉
Long only if price breaks out of the falling wedge resistance at $0.025 📈
#otcamp
$RVN
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