๐ #RSR/USDT Analysis Cup & Handle Pattern Forming? โ๐
RSR (Reserve Rights) is showing a strong bullish structure on the daily chart, potentially forming a classic Cup & Handle pattern โ a powerful signal in technical analysis that often leads to breakout rallies! ๐
๐ก Key Observations:
โ Price rebounded from the low of $0.005189, forming a rounded bottom (the โlcup).
โ Current consolidation around $0.0095, shaping the handle.
โ Breakout zone lies above $0.0100, which could trigger a major bullish run. ๐
๐ Indicators:
RSI is above 70, showing strength (watch for overbought signals).
STOCH RSI is also high, indicating momentum.
Volume is increasing, confirming interest.
๐ Potential Strategy:
Watch the breakout zone at $0.0100+
Accumulate during consolidation (handle zone).
Set stop-loss below $0.0085 for risk management.
Target near $0.012โ$0.014 in the next leg up if breakout confirms.
โ ๏ธ Always DYOR (Do Your Own Research) and manage your risk.