Feeding into the mouth, how many people have eaten?

$RSR


Today's sharp rise in prices was strongly driven by news that Trump plans to nominate Paul Atkins as SEC chairman. At present, the market value of RSR is only about 700 million. During today's trading session, its increase was as high as 100%, successfully achieving a doubling feat. If Paul Atkins is successfully elected as SEC Chairman, RSR will undoubtedly have extremely influential background resources. Its narrative logic and potential growth space in the market can be doubled. It is also possible to double or triple it.

From a technical analysis perspective, after today’s rapid rise, various technical indicators of RSR have shown an overbought trend. For example, the Relative Strength Index (RSI) has entered the overbought zone, and the opening of the Bollinger Bands (BOLL) has been significantly enlarged. , which means that the risk of a price correction in the short term has increased sharply. Therefore, it is not suitable to open a contract now, because under the dual effects of market sentiment fluctuations and technical adjustment needs, it is difficult to accurately predict when the price will trigger a deep correction, which is the so-called "washing" market. Once you encounter reverse fluctuations, you Can you resist? If you can resist it, pretend I didn’t say it!

Compared with contracts, spot prices are more secure. Given that the long-term fundamental logic constructed by RSR's association with the potential SEC Chairman has not changed substantially, as long as this core narrative continues, in the long run, the price of RSR will definitely pull up after experiencing short-term fluctuations.