Big Liquidation Alert: A massive $5,996.3 worth of $RSR short positions just got liquidated at the price level of $0.016320.

This move signals intense market activity and a possible squeeze against bearish traders. With short liquidations, the price often spikes as traders rush to cover positions, adding more buying pressure.

What Does It Mean.

1. Short Liquidation happens when the market price rises against a trader who borrowed and sold the asset in hopes of buying it back cheaper.

2. Liquidations often indicate high volatility and momentum shifts.

Key Levels to Watch Next.

Support: $0.01600 (recent price floor).

Resistance: $0.01700 (key breakout zone).

If the price sustains above $0.01643, we could see $RSR targeting $0.01700 or higher as bullish momentum builds. But if the bears regain control, expect a potential retest of $0.01600.

Trading Tip

Long Entry: If price stabilizes above $0.01650.

Targets: $0.01700, $0.01800.

Stop-Loss: Below $0.01600.

Short Entry: On rejection at $0.01700.

Targets: $0.01600, $0.01550.

Stop-Loss: Above $0.01750.

#RSR/USDT #CryptoReboundStrategy #BinanceAlphaAlert #SUIHitsATH #BitcoinHashRateSurge