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RSR / TetherUS

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RSRUSDT trade ideas

Let's find some better bids! RSR on the one hour chart.Brilliant move on RSR and good extension in the one hour chart. I am taking a short here as I believe the trap has been sprung. I distributed and shorted at 0.002228 and set my bids at 0.002130 As usual I am using the "Gold Fish Strategy". I am really enjoying taking shorts on the one hour chart and longs on the daily charts. Please check out my previous posts to learn more about my strategies and I welcome you to design your own and challenge or improve the gold fish strategy!. As always, keep a positive mind set and be kind to your self. Win, hold, share, educate.
Short
by ASX1X
2
RSR – High Risk High RewardFirst, I would like to say that I don’t know anything about the fundamentals of this project. This is a chart analysis only. If you’re a fan of the project, don’t take it personally. RSR’s chart shows a lifetime downtrend. RSR pumped hard between October 2020 to April 2021 and since then it is in a downtrend. I can’t see a reversal sign on the chart. Since April 2022 RSR is forming a falling wedge. You can see on the chart that it is respecting the support and resistance lines very well. Hypothetically, should the bull market return and if RSR performs well, it could go back to its ATH. If it does, it’s almost a 50X. From my POV, it’s a complete Degen play but, I might try it. If anyone knows something about this project, please put it down in the comments. NFA Feedback will be appreciated. Best wishes to all.
by NewThoughtCrypto
6
RSR Finds the Pivot and gets "trapped". TP 0.004 First play in the sequence took place and the price got trapped at .002030 I was expecting this move to take place so I distributed my position around .002090 and set my bids accordingly. The result is that I have added to my long term position through this quick swing as the profits have been used to buy discounted RSR. Next play I am looking for is a bit of froth depending on Market conditions. If the market is eager for a rally then there will be no froth and we will see a sharp move towards .0029 If the market is on edge we will get a drawn out range and this could push RSR back to 0.0015 before continuing the trend. If the market decides this is not the end of accumulation phases I could see RSR going 50% lower from it's current price So far I am happy with my bids and the fact that the gold fish sequence is once again playing out. I know some of you won't like to hear the potential for RSR to go lower again but it's a reality I would rather start planning for now than later. I wish you a prosperous week ahead.
Long
by ASX1X
Learning when to Short will change your life; RSR Inverted chartI have dedicated most of time in trading to learning how to short and developing a system that works for me. If I can't find a level to take profit; I invert the chart and go into a lower time frame. Now it is as clear as day. First thing I am looking for is a "trap" or "pivot" around 0.002020 - 0.002038. If the trap works this level will "trap" the price and a quickly move towards 0.0029. I this sequence takes place I will start setting up TP around the 0.0035 to 0.0042 Check my previous post to learn about my "Gold fish strategy". It is a combination of Wyckoff Accumulation patterns and moving averages with the odd indicator. Very basic maths & price action. All the targets are literally printed on the screen. Win count for 2023 39 W - 0 L
Long
by ASX1X
Ascending PVT on RSR goes un-noticed. Bids filled.Entering an accumulation period on RSR after seeing a consistent Price Volume Trend. Price Volume Trend or PVT for short is in my opinion far more insightful than Volume during accumulation periods. PVT shows a continuing up- trend in price -volume & trend despite market sellers pushing the price down. Hence it being so insightful. In fact what the PVT is doing is registering the buying & selling activity as part of the increasing trend or shall we say "active trading" From my own experience, chart patterns such as; channels and wedges form in the PVT and can be easily traded as normal chart patterns. RSR is currently testing the previous PVT + Price ATH ; ie. the trading activity has remained as high as it was at the ATH. High trading activity shows that there is still the same level of interest in the project as there was at ATH. I hope learning about PVT has been useful for you and I would encourage you to research it further and create your own unique perspective around this powerful indicator.
Long
by ASX1X
3