RSR/USDT Local trend. Double bottom. 08 2023

Logarithm. Time frame 3 days. Medium-term work.


More locally reversal zone. Time frame 1 day.

Major trend. Time frame 1 week.

RSR/USDT Main trend. Wedge. Downward channel. 08 2023

Comment:

c breakout about +15% Local pullback. Perhaps we will see a trend reversal and realization of the first goals, if the market in general will be a spam of positive mood. If not - entry to stop zones.

Trade closed: target reached:

price reached the level of 0.003580 +113% since the reversal. Compared to other cryptocurrencies is still lagging behind. Now it is a local pullback. It is important to consolidate above the mirror support level 0.003011

Trade active

Trade closed: target reached:

after reaching the level of 0.00358 (3/13 +113%) pullback to the level of 2167 (21/13) and reversal from it. Safe entry on the breakout of 0.002501 (yellow color — reversal, stop to buy in long). Reaching a wide resistance zone of the former consolidation at 0.008590, which is more than +220% from the beginning of the local pumping movement. Since the trend reversal, breaking — more than +330%.

Traders, — trade pullbacks in the trend, they have a good percentage on coins with such liquidity.

No alt season gentlemen non-traders ??? We didn't have time, we were afraid, bloggers were saying the opposite, negative background, fear... Make your own excuses for your speculative incompetence and controllability. When you decide to buy "the whole cutlet" and the "alt season" (local distribution trend highs) comes for you, it will be time to get out, remember that.

Therefore, limit potential losses with stop losses when you jump into a long.

Trade active:

Not traders. After all, you will get scared and sell at local trend lows on a pullback anyway. Conditionally cheap, what you bought is conditionally very expensive, if it is spot (few people can withstand such news negative nonsense "Uncle John everything is gone", and price reduction), and if futures, then "without your approval, using the understanding of your psychology/actions earlier - they will take away without asking, that is, with their greed and one-sided anti-logical stubbornness you will give. Therefore, in order to avoid such a thing - follow risk management.