Long
RSR levels to watch
This is one of those altcoins that bounced nicely following bitcoin's flash-crash.
It tapped the demand zone at 2500 and shot through a prior consolidation level, capped at 3500.
To confirm a bullish case, RSR would need to reclaim 4320.
If it starts closing above this level on the daily, pay attention.
Ideally I would want to see it break through and retest it, but these set-ups don't always give that opportunity.
Additionally, the 3500 level needs to hold. A clean break below would signal a retrace to 2500.
Obviously, much depends on bitcoin price action, so be careful.
It tapped the demand zone at 2500 and shot through a prior consolidation level, capped at 3500.
To confirm a bullish case, RSR would need to reclaim 4320.
If it starts closing above this level on the daily, pay attention.
Ideally I would want to see it break through and retest it, but these set-ups don't always give that opportunity.
Additionally, the 3500 level needs to hold. A clean break below would signal a retrace to 2500.
Obviously, much depends on bitcoin price action, so be careful.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.