RSR/USDTPERP Long-Term Trend: Bearish
Key Resistance Levels: 0.02180, 0.02264, 0.02349
Key Support Levels: 0.02053, 0.01974, 0.01916
The price on the higher time frame found sellers around the 61.80% Fibonacci retracement level which led to a huge selloff and a breakout of the bearish pennant formation. We expect further movement to the downside in the coming hours.
RSR/USDTPERP Medium-Term Trend: Bearish
On the lower time frame, the coin posted a double top formation which led to a reversal and a move to the downside. a higher correction is expected to the neckline of this pattern before an impulsive wave to the downside.
Sell Limit Order @ 0.02177
TP 1 @ 0.02055
TP 2 @ 0.01974
Stop Loss @ 0.02218
Trade Safely 🙂