RSR (Reserve Rights) - this altcoin has been exciting lately with its mainnet launch. However it is coming up into major resistance that I doubt will easily break on the first attempt. I'd expect a sweep of the previous lows first, toward the range EQ which is a key support level at the moment.
Key for a short would be to see an SFP up and a bearish market structure break making a lower low on lower time frame, my entry would be on the bearish retest of that broken level (see squiggly).
If this somehow flips the range high into support, then I'm invalidated.
Cheers
Key for a short would be to see an SFP up and a bearish market structure break making a lower low on lower time frame, my entry would be on the bearish retest of that broken level (see squiggly).
If this somehow flips the range high into support, then I'm invalidated.
Cheers
Trade closed: target reached
Vatsik