$RSR /USDT SHORT TRADE SETUP – BEARISH CHANNEL FORMATION UNDERWAY
Current Price: 0.007493
Market Structure: RSR surged sharply but is now forming a clear descending channel with lower highs and lower lows. Price action indicates a corrective phase after a strong impulse move.
ENTRY LEVEL:
Look for short entries between 0.007520 – 0.007580 if price retests the upper channel line.
STOP LOSS:
Set stop loss above 0.007640 to avoid being caught in a false breakout.
TARGET POINTS:
• TP1: 0.007360
• TP2: 0.007240
• TP3: 0.007100
TRADE ANALYSIS:
After a steep rally, RSR is showing signs of cooling down, with candles now respecting a downward-sloping parallel channel. Volume is decreasing, and bearish pressure is building. A rejection from the top of the channel could trigger a short opportunity. Watch for bearish engulfing patterns or wicks near resistance for confirmation.