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Wait, did everyone just look away from $RVN ?
The daily chart is looking pretty interesting here. We had that massive wick up to 0.0076 a while back, but price has just been grinding sideways since then.
Right now, we’re sitting at 0.00581. If you look at the recent candles, we are basically hovering just above a support zone that’s held up a few times lately. Volume is a bit dry at 49M RVN, which usually means a squeeze is coming.
If we can hold this 0.0057 to 0.0058 area, I’m looking for a move back toward 0.0062. But if we lose this level, it might get ugly quickly down to 0.0053.
I'm just watching the order book for now. The buy side looks slightly more stacked, but it needs more momentum to actually break out.
Keep an eye on it. This silence usually doesn't last long.
#WCTCTradingChallengeShare8MUSDT