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$RSR /USDT ā Breakdown or Bargain? Support Test in Progress
$RSR is down -7.59% to $0.00851, sitting right above key support and the lower Bollinger Band. Sellers are in control for now, but a reversal isnāt off the table.
š Market Overview
⢠Current Price: $0.00851
⢠24h High: $0.009209
⢠24h Low: $0.008455
⢠24h Volume:
ā⢠RSR: 528.4M
ā⢠USDT: $4.65M
Bollinger Bands (20,2):
⢠Upper Band: $0.008996
⢠Middle Band: $0.008701
⢠Lower Band: $0.008406
MACD:
⢠DIF: -0.000134
⢠DEA: -0.000129
⢠MACD: -0.000005 (Flat ā Weak momentum)
š Trade Scenarios
Bullish Setup ā Bounce from Support
⢠Entry: Above $0.00860
⢠Targets: $0.00890, $0.00920, $0.00960
⢠Stop-Loss: $0.00835
Bearish Setup ā Breakdown Continuation
⢠Entry: Below $0.00840
⢠Targets: $0.00810, $0.00780
⢠Stop-Loss: $0.00865
š Technical Analysis
⢠Price is hugging the lower Bollinger Band, often a precursor to a bounce.
⢠MACD is weak and flat, suggesting sideways pressure or further dip unless buyers step in.
⢠Watch $0.00840 ā itās a critical support zone. A close below could accelerate the decline.
Bottom Line:
RSR is in a vulnerable position. A bounce is possible, but you need volume and confirmation. Otherwise, expect a drift toward the $0.0080 zone.
Will RSR recover or slide further?
Comment your position and letās break it down together!
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