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RSR / TetherUS

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RSRUSDT trade ideas

RSR LOOKS BULLISHFrom where we entered "Start" on the chart, it looks like we had a counter triangle, but now the upper side of the triangle is broken. We have a flip range on the chart, which we have marked with green color. From this area we can move upwards. We have included the targets on the chart. We also specified the invalidation level on the chart. Closing a daily candle below this level will violate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
RSR/USDT: Flag pattern breakoutAs we can see in the chart, RSR had a clear breakout after forming the flag pattern. This is a clear sign of bullish moment. As the overall market is currently bullish is another plus point for the RSR bullish moment. We can expect this bullish moment to continue and reach our LONG trade targets. We are planning to enter trade at 0.003022 - to 0.002982 with our eye on the first target around the resistance range of 0.003129 Entry Price: 0.003022 - to 0.002982 Stoploss: 0.002875 TP1: 0.003129 TP2: 0.003222 TP3: 0.003374 TP4: 0.003595 Don't forget to keep the stoploss. Like and follow us for more ideas. Cheers GreenCrypto
Long
by GreenCryptoTrades
4
RSR/USDT Struggle Breakout the Key resistance area💎 RSR has become a focal point in the market, facing challenges in overcoming a key resistance area. Recently, RSR experienced a setback after being repelled at this critical level. Should RSR manage to break through this resistance, there's a strong likelihood of a significant upward trend, the probability with our next milestone being the Bearish OB target. 💎 However, if RSR is unable to achieve a breakout and instead remains in consolidation at this resistance level over the next few days, it might face another rejection. This could lead RSR to revert back towards the demand area. 💎 At the demand level, a strong response from RSR is essential. If it fails to demonstrate a rebound from this zone, there's a risk of breaking down further. Such a scenario could signal a shift back to a bearish trend for RSR, potentially leading to a descent towards a stronger support area.
by MyCryptoParadise
4
RSR/USDT Gearing Up for a Potential Bullish move? 👀 🚀 RSR💎Paradisers, let's zero in on #RSRUSDT as it's displaying a fascinating pattern in the market. After a recent dip, it is regaining bullish momentum, setting the stage for a possible upward move. 💎 Tracing back #ReserveRight recent journey, we've observed that it tapped an internal supply zone, followed by a downward movement influenced by broader market dynamics, particularly #BTC substantial dips. 💎 However, #RSR is now exhibiting remarkable resilience. The asset is maintaining a strong position above the EMA 100, which hints that the selling pressure might have waned, paving the way for an anticipated bullish move to challenge the existing strong supply zone. 💎 Nevertheless, it’s imperative to remain vigilant in the unpredictable world of cryptocurrency. #RSR traders should brace themselves for various potential scenarios. If RSR struggles to break through its resistance zone and begins to lose momentum, pivoting towards a recovery strategy from the support level of $2112 may become crucial. 💎 A downturn below this support level would signal the need for a tactical shift in strategy. Such a change would involve a thorough reassessment of the bullish outlook and a recalibration of trading strategies in response to the shifting market landscape. 🌴💰
Long
by MyCryptoParadise
1
RSR/USDT Break out the falling wedge. Bullish Momentum ??💎 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.
by MyCryptoParadise
1