RSR has been very resilient during this recent bear market, holding this rising uptrend line on daily timeframe, and bounced 8 times!! Eight times its held this rising support and bounced every time !!
Now the 9th time is looks like a possible breach on lower timeframe (too small to see on HTF), but with the history of this bouncing i need more confirmation to really feel confident. If it does drop tho, has a 50% move possible back down to lows.
The more a level is tested the greater chance it breaks.
Not Financial Advice, Do your own research
Now the 9th time is looks like a possible breach on lower timeframe (too small to see on HTF), but with the history of this bouncing i need more confirmation to really feel confident. If it does drop tho, has a 50% move possible back down to lows.
The more a level is tested the greater chance it breaks.
Not Financial Advice, Do your own research
Comment:
back up in the channel lol. this thing dont wanna drop, gotta respect that
Order cancelled:
closed short, didnt work out
Comment:
re-entered this trade, 10th touch of the trendline finally broke.
Trade active