$RSR Short Liquidation: $5.0179K at $0.01678 - What's Next?
$RSR just experienced a significant short liquidation of $5.02K at $0.01678, sparking a quick surge as short positions were forced to exit.
This sudden price shift suggests potential bullish momentum forming in the market.
Support & Resistance:
Support: The immediate support is at $0.0160. If RSR holds here, it could set up for a continuation higher.
Resistance: Resistance is around $0.0175.
A breakout above this level could signal further upside, targeting $0.0180.
Next Move Prediction: If $0.0160 holds, expect $RSR to test $0.0175 resistance.
However, if the support fails, a drop toward $0.0150 could follow.
Keep an eye on price action for possible breakout or breakdown!