đ¨ Ravencoin ($RVN /USDT) â Critical Price Action at Key Levels! đ¨
Ravencoin is showing some intriguing price action with the market currently trading at $0.01800 USDT. Weâre witnessing a consolidation after a recent upward move, and this could either lead to a breakout or a rejection from key levels. Hereâs what you need to watch for:
đĄ Support Level:
$0.01777 USDT â This level is acting as a solid support zone. A break below could open the doors for a short opportunity toward lower levels, but holding here means potential for a bounce back to resistance.
đ§ Resistance Level:
$0.01872 USDT â The nearest resistance is posing a challenge. A breakout above this level will likely trigger a bullish run, targeting $0.01900 USDT or higher, drawing in new buyers.
đ Entry Strategy:
⢠Short-term Entry:
If the price tests the support at $0.01777 USDT and holds, consider entering long with a target of $0.01850 USDT. Set a stop loss below $0.01750 USDT to manage risk.
⢠Long-term Entry:
Look for a breakout above $0.01872 USDT for a long position targeting $0.01950 USDT or higher, with a stop loss at $0.01800 USDT for protection against pullbacks.
đ Bearish Case:
Failure to hold the $0.01800 USDT level could lead to a short opportunity toward $0.01750 USDT, with a stop loss at $0.01820 USDT.
đ Keep an Eye on Volume:
The volume spikes are signaling upcoming volatility. Be ready to act quickly as momentum builds up.
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