RSR 50% drop possible
Updated
RSR has been very resilient during this recent bear market, holding this rising uptrend line on daily timeframe, and bounced 8 times!! Eight times its held this rising support and bounced every time !!
Now the 9th time is looks like a possible breach on lower timeframe (too small to see on HTF), but with the history of this bouncing i need more confirmation to really feel confident. If it does drop tho, has a 50% move possible back down to lows.
The more a level is tested the greater chance it breaks.
Not Financial Advice, Do your own research
Now the 9th time is looks like a possible breach on lower timeframe (too small to see on HTF), but with the history of this bouncing i need more confirmation to really feel confident. If it does drop tho, has a 50% move possible back down to lows.
The more a level is tested the greater chance it breaks.
Not Financial Advice, Do your own research
Note
back up in the channel lol. this thing dont wanna drop, gotta respect thatOrder cancelled
closed short, didnt work outNote
re-entered this trade, 10th touch of the trendline finally broke.Trade active
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