RSRUSDT trade ideas
RSRUSDT H8: +300% gains bulls THE BEST LEVEL TO BUY/HOLD(NEW)Why get subbed to me on Tradingview?
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RSRUSDT H8: +300% gains bulls THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
๐ธ Summary and potential trade setup
::: RSRUSDT H8/candle chart review
::: accumulation in progress now
::: bullish chart looks good
::: updated/revised outlook
::: setup still valid as of today
::: chart is LOG SCALE
::: get ready to BUY LOW later
::: currently PULLBACK MODE
::: BUY LOW near 0.06-0.07
::: entry - late May 2021
::: for now PULLBACK/CORRECTION MODE
::: will last 2-4 weeks
::: up to 300% gains possible later
::: short-term pullback/correction
::: re-test of range lows is likely
::: before uptrend can resume later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +300% gains
::: details: see chart
::: FINAL TP is +300% gains USD
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +300% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
๐ธ Supply/Demand Zones
::: N/A
::: N/A
๐ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: PULLBACK/MODE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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.