RSRUSDT trade ideas
RSR might break a support zoneRSR has formed a descending channel, meaning at a certain point it should break upwards. At least according with theory. Instead, price is currently breaking VLPR's control line, should this candle close below it another leg downward would be likely.
At 15min and 1h BB are stretching meaningn a price movement is about to happen but until we see BB stretching also at 4h and/or daily it's highly possible that price change won't affect much larger timeframe. Ichimoku shows that a 5-6% retracement is to be expected if candle closes like that.
I think the opportunity for a short here is risible, I'd rather watch this for a possible entry. Once this channel will break upwards (sooner or later) price should establish a support over 0.10.
Good luck
RSRUSDT - LONG SETUPRSR is looking bullish, market has broke above the corrective downtrend- line resistance on the 4hr trimeframe with a nice bullish impulse, now what we can see is on the daily price is retesting previous daily resistance as new support. Also on the 4hr and 1hr market is forming higher lows - we should see the continuation to the upside soon.
RSR// UpdateStop Loss is gonna be in a vulnerable spot below the last low, but Ill be willing to take the loss in order to minimize drawdown.
STOP LIMIT:
STOP --> 0.58 --> LIMIT 0.66
I use stop limits rather than a straight sell order because price has respected the TL and once broken I expect a retest.
Previous Analysis linked.
100%, I think she is ready for another run?This is a solid project that I think is going about the problem correctly. They say they are trying to solve Decentralized Governance? If you can solve the way people organize themselves (social coordination) and reach consensus, that community can monetize themselves. Consensus vs forced state Coercion is what many projects are trying to solve for?
I think she is ready to deliver another nice run?
DISCLAIMER: The following is not financial advice. Invest at your own risk.