Market Flash Report: $RSR 📊
Suggested Direction: Range-bound
Entry: 0.001227-0.001239
Stop-Loss Reference: 0.001221
Target Price: 0.001245/0.001255/0.001268
Analysis: RSR this move is just outrageous. It’s been hovering around 0.001233 for half a day. The EMA cross is like dead fish eyes. RSI has dropped to 17.9, which is in oversold territory, but what about the trend? There isn’t one. Bulls and bears have been fighting back and forth all day, and the amplitude is even smaller than the trading fee. The stop-loss is set at 0.001221—down 12 points. What’s that even for? Just sit back and watch. Wait for the day it either breaks down or breaks out with volume. If you enter now, you’re basically helping the market maker run their cash register. Don’t tell me about “buying the dip.” In a ranging market, buying the dip is worse than waiting for a breakout. Grind you down until you’ve lost all patience.
Tip: Recommended stop-loss level: 0.001221. Please adjust your position size according to your own risk tolerance.
#RSR
Suggested Direction: Range-bound
Entry: 0.001227-0.001239
Stop-Loss Reference: 0.001221
Target Price: 0.001245/0.001255/0.001268
Analysis: RSR this move is just outrageous. It’s been hovering around 0.001233 for half a day. The EMA cross is like dead fish eyes. RSI has dropped to 17.9, which is in oversold territory, but what about the trend? There isn’t one. Bulls and bears have been fighting back and forth all day, and the amplitude is even smaller than the trading fee. The stop-loss is set at 0.001221—down 12 points. What’s that even for? Just sit back and watch. Wait for the day it either breaks down or breaks out with volume. If you enter now, you’re basically helping the market maker run their cash register. Don’t tell me about “buying the dip.” In a ranging market, buying the dip is worse than waiting for a breakout. Grind you down until you’ve lost all patience.
Tip: Recommended stop-loss level: 0.001221. Please adjust your position size according to your own risk tolerance.
#RSR