RSR - 4H Bearish Divergence
RSR has shown incredible positive price action in the last days, skyrocketing from ~$0.005 to $0.01 in a matter of a week.
I was expecting a tiny correction from $0.008 area but instead price jumped ~20% up.
Higher highs on RSR price did not follow with the same pattern on RSI and MACD, making me believe that a small price correction vis-a-vis negative outlook on public markets, cyrptocurrencies in general and overall geopolitics.
Opened a short in area $0.0096, targeting $0.0092 and below. Trade cautiously as the token is experiencing positive traction and lot of speculation.
I was expecting a tiny correction from $0.008 area but instead price jumped ~20% up.
Higher highs on RSR price did not follow with the same pattern on RSI and MACD, making me believe that a small price correction vis-a-vis negative outlook on public markets, cyrptocurrencies in general and overall geopolitics.
Opened a short in area $0.0096, targeting $0.0092 and below. Trade cautiously as the token is experiencing positive traction and lot of speculation.