On the weekly timeframe, RSR is still trading inside a long-term descending channel that has been in play since the 2021 highs. Price continues to respect both the upper and lower boundaries, showing a structurally intact macro downtrend.
Currently, price is sitting around the 0.0016 – 0.0018 zone, which aligns with:
• Previous weekly support
• Lower half of the channel structure
• High liquidity area from prior consolidation
This is a key reaction point.
If price holds this support and builds a higher low structure, a relief rally toward:
• 0.0031 → Mid-range resistance
• 0.0054 → Channel resistance / major supply
becomes technically reasonable.
However, if support fails decisively, continuation toward the lower channel boundary remains possible before any meaningful reversal attempt. That move would likely act as a liquidity sweep before a stronger bounce.
Macro structure is still bearish until the upper channel trendline is reclaimed on weekly closes. For now, this is a high-risk, high-reward accumulation zone inside a broader downtrend.
The reaction here will define whether this becomes a long-term base or just another lower high setup.
Currently, price is sitting around the 0.0016 – 0.0018 zone, which aligns with:
• Previous weekly support
• Lower half of the channel structure
• High liquidity area from prior consolidation
This is a key reaction point.
If price holds this support and builds a higher low structure, a relief rally toward:
• 0.0031 → Mid-range resistance
• 0.0054 → Channel resistance / major supply
becomes technically reasonable.
However, if support fails decisively, continuation toward the lower channel boundary remains possible before any meaningful reversal attempt. That move would likely act as a liquidity sweep before a stronger bounce.
Macro structure is still bearish until the upper channel trendline is reclaimed on weekly closes. For now, this is a high-risk, high-reward accumulation zone inside a broader downtrend.
The reaction here will define whether this becomes a long-term base or just another lower high setup.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.