💎 RSR has indeed caught our eye, demonstrating a notable ascent after rallying from a crucial support level and effortlessly surpassing the local resistance at $0.001813. However, RSR faced a setback after encountering resistance at the descending channel, suggesting a potential retreat for a reassessment phase at a supportive or demand-driven juncture.
💎 This retreat aims to gather sufficient momentum for another attempt to shatter the descending channel's confines. Achieving this breakthrough would signal a bullish upswing for RSR, propelling it towards further tests against upcoming supply barriers, possibly even robust ones.
💎 Conversely, a less optimistic scenario could unfold if RSR fails to hold its ground within the demand zone, particularly if it breaches this area with a conclusive downward close. Such a development could pave the way for RSR's continued descent, steering it back for a reevaluation at the pivotal support zone.
💎 This retreat aims to gather sufficient momentum for another attempt to shatter the descending channel's confines. Achieving this breakthrough would signal a bullish upswing for RSR, propelling it towards further tests against upcoming supply barriers, possibly even robust ones.
💎 Conversely, a less optimistic scenario could unfold if RSR fails to hold its ground within the demand zone, particularly if it breaches this area with a conclusive downward close. Such a development could pave the way for RSR's continued descent, steering it back for a reevaluation at the pivotal support zone.
Trade active
Spot on again! #RSR has climbed 22.26%
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Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.