$RSR SHORT LIQUIDATION Alert.

$3.759K Liquidated at $0.015029.

Reserve Rights (RSR) has triggered a significant liquidation event, wiping out short positions worth $3,759. Traders betting on the downside of RSR were forced out as the price surged past the key resistance level of $0.01505.

What does this mean.

Short liquidations occur when traders borrow assets to sell, hoping the price will drop. However, if the price rises, they face losses, and their positions are closed. This usually leads to a price spike due to buy-backs.

Key Levels to Watch

Resistance Level: $0.01505 (now breached).

Next Target: $0.01620 (previous high).

Support Level: $0.01400 (watch for a potential retest).

Technical Analysis.

The recent move indicates strong bullish momentum, possibly fueled by:

1. Market sentiment shift towards $RSR .

2. Increased buying pressure post-liquidation.

3. Stop-loss hunting as shorts were forced to cover.

What’s Next for RSR?

If the bulls maintain control, we could see further gains towards $0.01620 and beyond.

However, failure to hold above $0.01505 might result in a retest of lower support levels.

Are You Ready for the Next Move.

This is a thrilling time for $RSR traders as the market sets the stage for potential explosive movements. Keep your eyes peeled for volatility.

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