$RSR Massive Liquidation Alert.
💸 Reserve Rights Token ($RSR) just faced a long liquidation worth $2,882.30 at the critical level of $0.013324.
What does this mean.
1. Longs got rekt: Traders betting on an upward move in were forced to sell as prices hit their liquidation price.
2. Market Movement: Such liquidations often cause sharp price movements, increasing volatility.
3. Key Level Breached: The $0.01329 zone may now act as a resistance instead of support, as bullish momentum falters.
Current Market Sentiment
Price Action: Keep an eye on whether $RSR bounces back above $0.01329 or if it continues to slide.
Support Zones: Next strong support may lie around $0.0125.
Resistance: Bulls need to reclaim $0.0135 for a recovery.
For Traders.
Risk Management: Avoid over-leveraging in such volatile conditions.
Levels to Watch:
Buy Zone: $0.0120 - $0.0125 (if it dips further).
Target 1: $0.0138.
Target 2: $0.0145.
Stop Loss: $0.0119 (to protect capital).
Will the $RSR Bulls stage a comeback, or will the Bears continue to dominate? Stay tuned for the next big move.
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