$RSR Long Liquidation Alert! 🚨
A $6.2715K long position was liquidated at $0.01386, indicating strong selling pressure and a lack of buyer support. Here's what this means and what might happen next:
What’s Happening?
Long Liquidation: Buyers were squeezed out as price failed to hold key levels.
Bearish Pressure: Sellers are in control for now, pushing prices lower.
Key Levels to Watch
Support: $0.01350 – Critical zone where buyers may step in to defend.
Resistance: $0.01420 – Bulls need to reclaim this level for recovery.
What’s Next?
For Long-Term Holders: Stay cautious; wait for signs of stabilization above support.
For Traders:
Look for a bounce near $0.01350 before entering any long positions.
Use stop-losses to manage risks during volatility.
Market Context
If buyers fail to defend support, more downside could follow. Watch overall market sentiment and volume closely for any signs of reversal.
#RSR needs a strong push from buyers—keep a close eye on support levels!