Reserve Rights (RSR) is a token for$ETH , which will serve the two main purposes of the reserve protocol: redundancy of reserve stablecoins (RTtokens) through staking and governance of them by proposing and voting on changes to their configuration.
According to a statement on its website, the company positions itself as “money to the people.”
At the same time, the main highlight of the project is that it does not create currency itself.
It creates a platform where users can quickly create their own collateralized stablecoins. I think the project will seem interesting to many people over time.
🛠️ What about technical analysis?
From historical highs, the coin has already dropped by -98%, but it has already grown by a couple of hundred%. On the weekly time frame, the RSI has already entered the overbought zone (76). The risks of correction are high here, but volumes on Binance have been growing steadily in recent months. The coin is already hot and could potentially bring in a quick X.
The price has received support at $0.0017 and this is likely the bottom on the coin.
It makes no sense to place a stop on a trade, since it can be easily taken away. Enter into a trade with a reasonable size.
💼 Buying RSR for your average overnight portfolio.
🔎 Ticker:$RSR
✳️ Entry price: $0.0055
🛡Stop loss: it is better to take a deal without a stop in investment
💼 Volume per transaction: up to 2% of the crypto portfolio + 1% reserve for averaging.
🎯 Objectives:
$0.011 (in the coming months);
$0.019 (until the end of September 2024)
$0.06 (until the end of 2024)
📈 Transaction growth potential: up to 1000%
A medium-term portfolio will outperform any trading strategy in terms of profitability, so I carefully assemble my portfolio. In it I bet on crypto, raw materials and metals. There are a bunch of new ideas with great potential ahead, subscribe 🚀
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