RSR/USDT Break out descending channel, Bullish Momentum for RSR?
💎 RSR has recently experienced significant market dynamics. After breaking out of a descending channel, the price is currently undergoing a retesting phase before probability continuing its upward movement towards our target Bearish OB area.
💎 However, if RSR fails to bounce during this retesting phase and breaks below the support area, it could indicate a reversal in momentum, leading the price back downward towards the Bullish OB area.
💎 Historically, the Bullish OB area has acted as a strong support zone, with the price bouncing after reaching this level. Yet, if the Bullish OB area is breached, it may signal further downward movement towards the strong support area.
💎 However, if RSR fails to bounce during this retesting phase and breaks below the support area, it could indicate a reversal in momentum, leading the price back downward towards the Bullish OB area.
💎 Historically, the Bullish OB area has acted as a strong support zone, with the price bouncing after reaching this level. Yet, if the Bullish OB area is breached, it may signal further downward movement towards the strong support area.
Trade closed: target reached:
Just like clockwork, #RSR is tracing our forecast, hitting that sweet 82.53% growth mark.
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