$RSR Analysis and Prediction – Testing Key Resistance Zone
The $RSR pair has been on a bullish run, currently trading at $0.013001, marking an 8% increase in the last 24 hours. The price has approached a significant resistance level at $0.013500, which could either lead to a breakout or result in a retracement if rejected. With a 24-hour high of $0.013182 and a low of $0.011909, this upward movement is supported by strong trading volume of 1.45B RSR, indicating increased market activity.
For short-term trades, if the bullish momentum continues, a long entry between $0.013000 and $0.013200 could be favorable, with profit targets at $0.013500 and $0.013800. On the other hand, if the price gets rejected at resistance, short entries between $0.012800 and $0.012600 can be considered. To manage risk, long trades should have a stop loss set at $0.012500, while short trades can use $0.013700 as a stop-loss level.