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NasdaqDowWeeklyGapWidestSinceJuly2002
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After hitting a ceiling close to $0.00212, Reserve Rights ($RSR) is retreating toward $0.00203. The 15-minute chart shows mounting selling pressure, and a breakdown beneath $0.00202 risks sparking a deeper correction. Short Position Strategy: Entry Range: $0.00203 – $0.00206 Take Profit Targets: $0.00200 | $0.00197 | $0.00194 | $0.00190 Stop Loss: $0.00213 Outlook: The prevailing bias remains bearish as long as price action stays under $0.00208. Confirming a drop past $0.00202 will validate the short thesis, whereas a push back above $0.00208 would invalidate it. Can the bears successfully force $RSR under the $0.00200 psychological mark? $RSR #NasdaqDowWeeklyGapWidestSinceJuly2002 #StrategySharesFall9%OnFriday
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