RSR On the weekly timeframe, RSR is still trading inside a long-term descending channel that has been in play since the 2021 highs. Price continues to respect both the upper and lower boundaries, showing a structurally intact macro downtrend.
Currently, price is sitting around the 0.0016 – 0.0018 zone, which aligns with:
• Previous weekly support
• Lower half of the channel structure
• High liquidity area from prior consolidation
This is a key reaction point.
If price holds this support and builds a higher low structure, a relief rally toward:
• 0.0031 → Mid-range resistance
• 0.0054 → Channel resistance / major supply
becomes technically reasonable.
However, if support fails decisively, continuation toward the lower channel boundary remains possible before any meaningful reversal attempt. That move would likely act as a liquidity sweep before a stronger bounce.
Macro structure is still bearish until the upper channel trendline is reclaimed on weekly closes. For now, this is a high-risk, high-reward accumulation zone inside a broader downtrend.
The reaction here will define whether this becomes a long-term base or just another lower high setup.
