RSR has been trading inside a clear descending channel, forming consistent lower highs and lower lows while respecting the broader bearish structure.
Recently, price formed a rounded bottom near 0.00133 and started a recovery move toward the descending channel resistance around 0.00186–0.00198. This region aligns with multiple trendline resistances and acts as a key decision zone.
If buyers manage to break and hold above this resistance, the structure could shift from a corrective bounce into a stronger bullish expansion. In that case, RSR may target 0.0028–0.0030, which represents the next major supply area.
However, if price gets rejected at the channel resistance, the broader downtrend remains intact. A rejection from this level could push price back toward 0.00133, and potentially even lower toward the channel support.
For now, RSR is approaching a major structural resistance, and the reaction at this level will likely determine whether the market transitions into a breakout or continues the downtrend.
Recently, price formed a rounded bottom near 0.00133 and started a recovery move toward the descending channel resistance around 0.00186–0.00198. This region aligns with multiple trendline resistances and acts as a key decision zone.
If buyers manage to break and hold above this resistance, the structure could shift from a corrective bounce into a stronger bullish expansion. In that case, RSR may target 0.0028–0.0030, which represents the next major supply area.
However, if price gets rejected at the channel resistance, the broader downtrend remains intact. A rejection from this level could push price back toward 0.00133, and potentially even lower toward the channel support.
For now, RSR is approaching a major structural resistance, and the reaction at this level will likely determine whether the market transitions into a breakout or continues the downtrend.
Market Structure • Price Action • Crypto Updates
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🔗 Telegram: t.me/Coach
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Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。