RSR printed a +39.7% candle on $34M volume, but it gave most of it back.
The move tagged the 7-day high at 0.00300 and was immediately sold down to the current 0.00227. That's a huge upper wick. Price is trying to hold the 20-day EMA as support, but the tape shows heavy supply waiting at the highs. This is a battle at the top of the range, not a clean breakout.
Bullish candle or bearish wick — which one is telling the truth here?
$RSR
This desk posts all day. Follow to keep up with it.
The move tagged the 7-day high at 0.00300 and was immediately sold down to the current 0.00227. That's a huge upper wick. Price is trying to hold the 20-day EMA as support, but the tape shows heavy supply waiting at the highs. This is a battle at the top of the range, not a clean breakout.
Bullish candle or bearish wick — which one is telling the truth here?
$RSR
This desk posts all day. Follow to keep up with it.