RSR/USDT Bounce from the support, Indicating continue upward!๐ RSR has recently encountered significant developments in the market. Currently, RSR has successfully bounced from a support level that was previously a resistance, indicating potential for further upward movement towards testing our target Bearish OB area.
๐ However, if RSR revisits the support area around $0.0057, it needs to bounce again. Failure to bounce, and especially a breakdown below this support level, could lead to continued downward movement towards the demand area ranging from $0.0041 to $0.0037.
๐ When RSR reaches the demand area, a bounce is essential as it represents a crucial support level from previous bullish movements.
๐ Failure to bounce at this level and a subsequent breakdown below the demand area would signal a bearish trend, potentially leading to further downward movement.