RSR has formed a descending channel, meaning at a certain point it should break upwards. At least according with theory. Instead, price is currently breaking VLPR's control line, should this candle close below it another leg downward would be likely.
At 15min and 1h BB are stretching meaningn a price movement is about to happen but until we see BB stretching also at 4h and/or daily it's highly possible that price change won't affect much larger timeframe. Ichimoku shows that a 5-6% retracement is to be expected if candle closes like that.
I think the opportunity for a short here is risible, I'd rather watch this for a possible entry. Once this channel will break upwards (sooner or later) price should establish a support over 0.10.
Good luck
At 15min and 1h BB are stretching meaningn a price movement is about to happen but until we see BB stretching also at 4h and/or daily it's highly possible that price change won't affect much larger timeframe. Ichimoku shows that a 5-6% retracement is to be expected if candle closes like that.
I think the opportunity for a short here is risible, I'd rather watch this for a possible entry. Once this channel will break upwards (sooner or later) price should establish a support over 0.10.
Good luck