๐ RVN: Current Market Update
Ravencoin (RVN) is showing upward momentum after breaking out of a consolidation phase. Key levels of support and resistance may guide your trading strategy.
๐ก Key Levels:
Buy Zones:
$0.02233 โ 62% Fibonacci retracement level, potential bounce zone.
$0.01975 โ critical area for accumulating positions if a deeper pullback occurs.
Resistance Levels:
$0.03141 โ 23.6% Fibonacci retracement level, initial profit-taking target.
$0.03638 โ major resistance zone where growth could slow down.
๐ Strategy:
Consider buying in the $0.02233-$0.01975 range, targeting $0.03141 and $0.03638, with confirmation of the uptrend.