}
Hi dear friends, hope you are well and welcome to the new update on Reserve Rights (RSR) token.
Rejection by the resistance of channel:
On the daily time frame chart, the priceline of RSR is likely to be rejected by the resistance of the up-channel. There is also good support of 50 simple moving average daily at the support:
Bullish Cypher formation
Now if the priceline of RSR token breaks down the EMA 10 on 2-day time frame chart, then it may complete the final leg of bullish Cypher on this two day based chart.
Buying and sell targets:
Buy between: $0.0530 to $0.0451
Sell between:$0.0592 to $0.07413
Stop loss:
The maximum extent of potential reversal zone $0.0451 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 64%, and the loss possibility is 15%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.