$RVN Bull Trap -- Becareful!!
Updated
RVN has a big bear trap trying to FOMO the greedy people in.
First of all, the 50 MA crossed under the 200 MA which is a clear BEARISH scenario and confirms our bull trap.
Second, RSI & OBV clearly indicates that first it's overbought and the OBV shows that it didn't have the huge volume it needs (like the older pumps RRVN) had to push it over.
Comments are more than welcome.
Trade Safely!
First of all, the 50 MA crossed under the 200 MA which is a clear BEARISH scenario and confirms our bull trap.
Second, RSI & OBV clearly indicates that first it's overbought and the OBV shows that it didn't have the huge volume it needs (like the older pumps RRVN) had to push it over.
Comments are more than welcome.
Trade Safely!
Comment
I hope you listened to my advice :)
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