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Most people see a boring sideways chart here but I see a spring that's getting ready to snap.
$RVN has been stuck in this tight range for weeks now. We had that one massive wick up to $0.0076 back in March, but lately, it’s just been grinding out a very slow recovery. The price is hugging $0.00597 right now, and the daily candles are starting to put in higher lows.
There is a clear ceiling at $0.00620 that the bulls keep banging their heads against. If we can actually close a daily candle above that level with some decent volume, this could move quickly.
The order book is pretty balanced, so there’s no massive wall stopping us. We just need a bit more buying pressure to flip the current resistance into support.
I’m watching the $0.00575 level as my safety net. As long as we stay above that, the structure looks healthy for a potential breakout toward $0.00670 soon. Slow and steady for now.
#WCTCTradingChallengeShare8MUSDT