RSR/USDT Break out the falling wedge. Bullish Momentum ??
Updated
💎 RSR has made a notable impact in the market, currently breaking out of a falling wedge pattern. It's now entering a retesting phase at the trendline of this pattern, a critical juncture for its next move.
💎 If RSR successfully completes this retest, probability we expect it to continue its upward trajectory, targeting a significant resistance area.
💎 However, should RSR fail to confirm its breakout during the retest at the resistance trendline, it might signal a false breakout. In such a case, RSR could retreat back to the demand zone.
💎 A key point of observation will be if RSR struggles to rebound in the demand area and only manages to consolidate. This could lead to a loss of support or a breakdown. Under these circumstances, RSR might transition into a bearish phase, potentially moving downwards towards a stronger support area.
💎 If RSR successfully completes this retest, probability we expect it to continue its upward trajectory, targeting a significant resistance area.
💎 However, should RSR fail to confirm its breakout during the retest at the resistance trendline, it might signal a false breakout. In such a case, RSR could retreat back to the demand zone.
💎 A key point of observation will be if RSR struggles to rebound in the demand area and only manages to consolidate. This could lead to a loss of support or a breakdown. Under these circumstances, RSR might transition into a bearish phase, potentially moving downwards towards a stronger support area.
Trade closed: target reached
Just as predicted, #RSR's up a smooth 33.92%!
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