I made a post on the rise of #RSR/USDT . it has finally got | Mr Bayo on Binance Square

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I made a post on the rise of #RSR/USDT . it has finally got the point of profit.
did you profit or you were just observing?
#Write2Earn‬

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RSR

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+7.00%

551

0

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So, How much will $10 #RSR fetch you in the recent upward swing? A look a the #RSR shows that the price of the coin is going to touch $0.003501. in other to maximize profit, there is a need for a safe entry. I consider a safe entry to be at the price $0.002792 because of the following before price began to swing up, two spectacular things happened. the first was a bullish divergence where the Relative Strength index resumed an upward trajectory but #RSR price maintained a downward trajectory. the second was a double or triple bottom where price tries to break a support twice or thrice by testing the support frequently. once these were spotted, I preferred to enter at that price because side given room for retracement, it's an absolutely nice spot to milk in profit. So, I bought $10 worth of #RSR which grants me access to 3581.662 amount of RSR calculation $10{amount I invested} / $0.002792 {my entry price} = 3581.662 worth of RSR since I am speculating based on my analysis that the price will hit previous resistance at 0.003501 which will also be my exit spot. at this exist spot, after selling all 3581.662. I will be left with $12.5394 Calculation 3581.662 {the amount of RSR coin I have} * $0.003501{the price I would love to exit the trade}. = $12.5394 I have made $2.5394 from that swing. You may not like this example because of the low profit but you should understand that the more the profit you anticipate, the more the amount you should invest. it's not rocket science. I will however call your attention to he volatility of the market so it's advisable to invest what you can conveniently dispose when spot trading. #Write2Earn ✌️

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#RSR update. the target is the purple horizontal line ahead. do you notice the trend line is still active? this is a daily timeframe so reaching the goal is going to take days. let watch it unfold. #Write2Earn

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On the #RSR daily chart, a bullish divergence was spotted. for non technical traders, a bullish divergence is a situation where price action keeps heading down while indicators (RSI in this case) is moving up. Price action and indicator move in opposite direction the bullish divergence has been sealed with a double bottom which is also another signal of a rally. the uptrend has commenced as seen in the image below. Don't miss out. #Write2Earn

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Hold fast to your #SHIB tightly, if you don't have any, buy thousand if not millions of the coin. The downtrend on the daily time frame has been broken and price has been expected to visit the previous high. A look at the monthly timeframe shows that the coin has been oversold. Relative Strength index is already gaining an upward momentum. All that is expected now is for price to follow suit. #Write2Earn

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