FieryTrading

🔥 RVN Correction Inbound

Short
BINANCE:RVNUSDT   Ravencoin / TetherUS
RVN has been one of the biggest winners of the last month, seeing crazy returns almost daily. Since it hit the ATH around 0.29, RVN has been declining however. RVN is severly overbought, no denying that. Combined with the bearish correction that Bitcoin is currently facing, RVN is well on its way to fall even further.

On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows. Do your own due diligence.

Happy trading!

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