$RSR Long Liquidation Eruption: Bulls Face a Massive Setback!
A staggering $9,921.9 worth of RSR long positions were liquidated at $0.01486, shaking the market as selling pressure overwhelms bullish efforts.
This major liquidation reflects a breakdown in support, leaving traders cautious amid heightened volatility.
Key Details:
Liquidation Amount: $9,921.9
Liquidation Price: $0.01486
Market Context: The liquidation at this level underscores significant bearish momentum, with RSR struggling to find stability.
A failure to reclaim key levels could lead to further downside pressure.
Next Move:
For Bears (Short Traders): If $RSR breaks below $0.0147, it could test lower support at $0.0145 or $0.0142.
Look for weak recovery attempts to enter or add to short positions.
For Bulls (Long Traders): Wait for consolidation above $0.015 or a breakout back above $0.0152 to consider re-entering long positions.
Strong volume and confirmation are critical.
Suggested Stop-Loss:
For Longs: Place a stop-loss at $0.0146 to limit downside risk in case of further declines.
For Shorts: Protect your position with a stop-loss above $0.0153, as a reversal could spark a recovery rally.
The $RSR market is at a tipping point—trade strategically as volatility continues to rise!