RSRUSDT Is a Massive Dump Incoming? Key Level to Watch!

9 окт.

Yello, Paradisers! Have you been tracking #RSRUSDT lately? The market is setting up for a potential bearish reversal, and it’s crucial to stay vigilant. Here’s what we see unfolding.

💎#RSR is currently trading within a rising wedge pattern, a classic bearish structure. If the price breaks down from this formation and also slices through the demand zone, we’ll likely see a strong bearish reversal. This could trigger a 30% downward move towards our target Bullish Order Block (OB) area, making it an ideal spot for a short position.

💎However, it’s not all clear-cut yet! There’s still a chance for RSR to retest resistance at $0.0077 or even spike higher into the OB to grab liquidity before a potential dump. This would present an opportunity for an aggressive short entry.

💎If the price closes above $0.00893, it invalidates our bearish outlook. Such a move would indicate continued upward momentum and render any short positions invalid.

Stay focused and always wait for the perfect setup before executing any position.

MyCryptoParadise
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