RSR 4H Will it Pamp again?

+ RSR found its support.
+ Has a huge RSI divergence 4H.
+ You can put SL under the support level - in case BTC will make a break down.

The price of BTC seems stable 19 000 - 19 200 is a good support level. Sellers wont sell anymore, but the volumes are getting lower. Get ready as it can bounce too.

What Im gonna do now? Would wait for some confirmations and buyers interest on BTC and for RSR I would place some limit orders. If there is action would go for a market buy.

GL

تعليق:

Support was confirmed with buyers interest and volumes approx (+17%).
For now there is a local resistance on 1H at price ~0.007.


Two scenarios I see:
1. This will get back soon in the accumulation zone 0.00591 - 0.00650 and accumulate for an indefinite amount of time with a possible break down also if BTC does correction soon.
2. This will go higher (next targets) with new volumes, good impulse and 0.007 break out:
a) In this case the price needs to stay above ~0.00650
b) 1D candle better to be closed above ~0.00717. (Res. break out)
c) If there will be a BTC pamp this will affect positive.

تعليق:

1. What did I exactly do?

Closed my position when I saw a local resistance with 15% profit.

2. What do I wait for?

Looking for a retest 0.00650 to see the buyers limit orders interest to hold the price. And will buy "some" there. Would enter by market only with the new volumes when its a ~0.007 break out.