RSRUSDT trade ideas
RSR - RECTANGLE BOTTOMSWe are facing RSR designing the pattern called RECTANGLE BOTTOMS where the price after fall, stay in sideway (into a rectangle) for period of time before broke it in a upward movement. If you want more security in trade, you can wait the price touch the border inferior but it may not happens because the Stochastic is showing that the baseline's low is more UP now. You can see the same scenario for ADA, MKR, HEDERA.
RSRUSDT Signal (Simple setup with good RR)Hello traders,
Based on the chart,
it looks like a retest of the broken resistance, I want to try to open a long position.
Entry: market and lower
Targets: 0.005 and 0.0055
after first target reached move ur stop in breakeven!
SL: 0.0034
Risk/Reward: 1 to 3.5
Good luck!
Please, feel free to share your point of view, write it in the comments below, thanks!
RSR 1DRSR has successfully failed previous support zone and went for the last support zone on 1W.
a) Would wait for about 10-14days, to see if it will hold the zone and accumulate
or
b) Correction continues to the hell with BTC.
IF (a) I would enter on local (4h) breakout, like the previously in MAY (10-22) from the 12 days of support.
Sellers are pushing. Interesting coinInstrument has formed long consolidation above strong support level. Volumes are higher than average. Waiting for the next touch and higher sellers volumes to catch impulse. Delta is stably red for 15 minutes in a row, showing increase of sellers pressure. Target - 0.0055