Token: $RSR (Reserve Rights)

Short Liquidations: $6.2528K

Liquidation Price: $0.016353

What Just Happened.

The market witnessed a significant short squeeze, liquidating $6,252 worth of short positions at $0.01624. This means traders betting against $RSR saw their positions wiped out as the price spiked beyond their liquidation level.

This surge could be the result of:

1. Aggressive Buying: Bulls entering the market with strong volume.

2. Market Manipulation: A whale could have driven the price up to trigger liquidations.

3. Momentum Shift: Breaking a key resistance level triggered stop-losses and fueled the rally.

Key Levels to Watch:

1. Support: $0.0158 - $0.0160

If the price consolidates above this zone, it could confirm bullish strength.

2. Resistance: $0.0165 - $0.0170

Breaking this could lead to a further rally.

Trade Setup:

Buy Zone: $0.0160 - $0.0162

Target 1: $0.0168

Target 2: $0.0172

Stop-Loss: $0.0156

What's Next for $RSR

The liquidation event suggests growing interest and volatility. Monitor volume and news to assess if this move has sustainability or is a temporary spike. Stay sharp, traders.

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