$RSR Long Liquidation — $5.3376K at $0.00317
Long traders were wiped out as $RSR dropped below $0.00317, showing that buyers failed to protect a crucial support level. Selling pressure forced bullish positions to close, pushing momentum further to the downside.
Market Insight
Long liquidations during a downward move signal weak buyer conviction, giving sellers more room to drive the price lower. If no strong support forms soon, the market may continue trending bearish.
Downside Targets
TG1: $0.00308 — immediate support
TG2: $0.00296 — liquidity zone
TG3: $0.00281 — bearish continuation area
Pro Tip
Avoid buying just because price is falling to “cheap levels.” Wait for clear volume recovery or a strong bounce from support before taking any long entry.
