RSRUSDT trade ideas
RSRUSDT is inside a descending channelthe price is testing the daily support at 00.56$ area and inside a descending channel on the 4h timeframe
How to approach it?
IF the price is going to have a breakout from the descending channel and daily resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
RSR inside symmetrical triangle#RSR/USDT
$RSR is inside a symmetrical triangle pattern and hold above the middle line of this pattern.
🐮 breaking out from the upper line of the triangle will increase price toward the resistance zone around $0.011.
🐻 breaking down from the lower line of triangle can drop price to the support zone around $0.004.
Trying to Short RSR/USDTHi, Trader. I found something interest in RSR/USDT
RSR/USDT on timeframe 2h shows bearish structure. try to short on fresh supply
Setup Entry - Stoploss - Take Profits on chart
What do u think about my setup? Give comment/positive feedback for more outlook
(✿˵•́ _ •̀˵) ✧ Have a nice day!
RSRUSDT | PARALLEL CHANNELRSRUSDT has been trading in a parallel channel . The price is making higher highs and higher lows. Currently it is trading at lower boundary of channel. The price is also trading above 0.618 fib level. The bulls can show strength at this point. The bullish candles formation on boundary will confirm the bulls strength.
The bulls need to break above 0.50 fib level and price must sustained above this key level.
Trade your levels accordingly.
Easy 22% RSRAnd here we have another progress for another hotlist to open long position which is the RSR.
Price is now testing the strong resistance zone which is the area of $0.0075 and it looks like that this current resistance has been becoming a strong resistance area as there has been another 5 attempts in the past trying to break above current resistance. More often it tried to break above the resistance zone, the weaker the resistance will be.
We are ready to put another buy position on RSR with the condition as below :
1. The recommendation is to open long position at SPOT market with no leverage as the volatility remains huge and it will need a long time to close (consider the funding rate charge).
2. Buy on the break out is suggested when there are huge money inflow and the volume is getting thicker to provide us higher liquidity.
3. The target is $0.00914 which is the next major resistance but it can change anytime depends on the market condition.
RSRUSDT - Long by Supertrend, Pivot & ADX 8/9/20221. HIGH/LOW PIVOT:
- Pivot Left: 10 | Pivot Right: 10
Long trend identification:
- Higher High occurs after Higher Low.
2. ADX INDICATOR: 1h & 4h timeframe have a strong strength for open trade.
- ADX smoothing: 14.
- DI length: 14.
- ADX STRONG > 25.
3. SUPERTREND INDICATOR:
- Long trend when closes candle is above the green line.
4. OPEN POSITION RULE:
- BUY/LONG: reject to Supertrend at current timeframe.
RSRUSDT: Bullish TriangleRSR price had previously formed a strong upward momentum in wave A, after which a prolonged consolidation started.
At the moment the correction pattern in wave B (triangle) has gained clear boundaries.
Locally, the price has already crossed the boundaries of the pattern and formed wave 1 (within wave C), which has already been corrected by wave 2.
I have taken a long position, in anticipation of a bullish rally within wave C.
rsr waiting for buy signal 1lux algo printed a take profit for my short so i am now waiting for a buy signal to enter
volume is still present but keep an eye on it if it starts to drop . it is sunday after all so only quick scalp for me.
almost back above 200ema on the 15 min combine with lux algo buy will be my trigger.
cypher b also printed a green dot (buy signal ) above the 0 line.