$RSR /USDT ā Bearish Reversal After Sharp Rejection š»
RSR/USDT has formed a clear bearish reversal structure on the 1H timeframe. After a sharp spike toward 0.00360, price faced strong rejection and is now pulling back with increasing selling pressure. The failed breakout and long upper wick signal weakening bullish momentum and a likely continuation downward.
Trade Setup (SHORT):
š¹ Entry Range:
0.00328 ā 0.00334
šÆ Targets:
Target 1: 0.00318
Target 2: 0.00307
Target 3: 0.00295
š Stop Loss (SL): 0.00340
Short Outlook of Market:
RSR is showing exhaustion after failing to hold above the 0.00350ā0.00360 resistance area. Sellers have stepped in strongly, creating a bearish reversal candle pattern. As long as price stays below 0.00334, the market is expected to continue moving downward toward key support levels.
A break above 0.00340 would invalidate the short setup and shift momentum back in favor of buyers.
