📢
$RSR / $USDT | 🔴 SHORT | ⭐ 68.3%
🎯 Target: $0.0013433. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.001376
🛑 Stop Loss: $0.0013932
🏁 TP1: $0.0013433
🏁 TP2: $0.0013244
📉 Analysis:
The market structure in
$RSR shows a consolidated bearish trend with the 20, 50, and 200 EMAs aligned above the current price. The ADX of 35.93 confirms strong bearish trend strength, while increasing volume with sell absorption indicates prevailing selling pressure. Price is trading below the POC (Point of Control) at $0.0013964, confirming a high-liquidity sell zone in the volume profile.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1H
📐 Technical confidence: 3/5
This thesis becomes invalid if price breaks and closes above our Stop Loss zone at $0.0013932, which would negate the current bearish structure. We will monitor the break of the immediate support at $0.001371 to confirm the continuation of the bearish impulse toward the outlined targets.
Do you think sell volume will be enough to break the current support, or are you expecting a pullback toward the POC?
💡 This analysis is for educational purposes only and not financial advice. Do your own research and decide calmly.
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