REPOST - RSR/USDT SELL | S6T4 - Team Trading Post for Fredquantum-Kouba01 Traders Team.

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https://steemit.com/hive-108451/@kingworldline/rsr-usdt-sell-or-s6t4-team-trading-post-for-fredquantum-kouba01-traders-team

Good day every is a thing of excitement once again to be in another week of trading competition which i derived joy in doing, meanwhile for this week edition be i will show analysing the "Reserve Right token", hence am @kingworldline under the supervision and team fredkouba-traders6t4 for this week trading.

Source

The name and introduction of the project token, and which exchange can be traded on, project/technical/team background, etc.

The reserve Right (RSR) is a token that actually belong to the Reserve protocol platform, a blockchain which it's basic aim is to scale up the supply over that of the demand, hence their main objective of the token is to provide means to have control over the dollar pegged value to that of the stable coins which is regards as the (RVS), hence this Reserve right was actually established in 2019 by an an individual known as the Nevin Freeman meanwhile this man was recognized by his reputation over the tech films as well.

On the rise of the project was actually founded by many individuals, organizations which actually took place in Huobi prime platform, where the coinbase and as well the co-founder of paypal all had a massive support on the rise of this project which enhanced the successful acts of the Reserve right.

As regards to the issue around, they aim to have solved the issues as regards to creating alternatives in storing values, they have also aim at giving a robust, also they have also aim to develop the means to join networks by Fiat on.

As it stands the Reserve right actually has various means of maintaining the whot or price of an asset or stable coin which tends to fluctuate above the targeted price which is handled by automatic auctioning by the system, thereby lowering the supply for the price over the attaining that of stability.

At the other end, the Reserve protocol utilizes two token in order of achieving their common goals, of which they use the RSR time and as well the RSR, hence the RSV is a stable token which belongs to the reserve protocol, The RSR is well known as utility token used the achieve a lots in terms of serving as governance token and as well use as collateral to on other currencies

The Reserve right is actually built up with Ethereum
Blockchain which actually supports the project behind the Defi and in the launch of other tokens as well. Hence this token is under the ERC-20 network.

Then with respect to the Coinmarketcap valuation and RSR as the token is ranked at 199, with a trading volume of $79,138,662, hence this token has it's capitalization bat $244,857,309, this also has the circulating supply of $14.80 Billion RSR as shown below.

Coinmarketcap

The Reserve token (RSR) is listed and can be traded in the following short listed exchanges as shown below.

•Binance
•Kucoin
•Gate.io
•Coinbase exchange
•Huobi Global
•Etc.

Let's see the screenshot below which contains some of the exchanges according to Coinmarketcap.

Coinmarketcap

Haven't seen the project and the exchanges behind the Reverse right token, let's look into the technical aspects of it in trading.

How to analyze the token? (using the analysis knowledge learned from professors’ courses).**

At first, I took a view of 1 hour chart to determine what the trend and the current price action, with the Screenshot below i was able to discover the structurally view and as well the price action which is on the bullish, which tend to move downward in the present 1 hour, which signify that since one hour interval that the market has being be going down as regards to to the price action as shown on the below screenshot.

Binnance

Hence to get more clearer view of what the price action is saying, I use 15 Minutes chart to make more analysis of which I was able to discover that the price action has being on rebounce with the resistance and the support zone before a bearish breakout which tends to retrace back to the two zone before making a proper down trend, of which my RSI was actually in accordance with the direction of the price action towards the bearish end as shown below

Binnance

Hence for me to execute this trade I used a Smaller time frame which can give me the close action of the price fluctuations of which I used the 5 Minutes time frame, i observing a breakout of price towards the bearish side, which forms a down trend, then I allowed to retrace back on the current trend before making my entry to sell as shown on the below screenshot

Binnance

Hence I was able to use and obtain the following parameters with the following value below.
•Entry price (SELL) : $0.01682
•Stop loss $0.01700
•Take profit: (BUY): $0.01630
•Profit realized: $0.57782400

Binnance

Binnance

What is your plan? Do you want to keep it for a long time? Or when to sell it

As for me I don't actually has any plans to keep on this due to the fact am trading on future which actually has a lot of risk attached to it including the liquidation which can occur when the risk are not managed properly, hence trading on Futures, margin are not advisable to be in a long term trade rather a short term trade is recommended for this.

Do you recommend that all people buy it? The reasons for recommending or not recommending it.

As for this I will recommend it to the long term trader to take advantage of this since they trade on spot in terms of investment to yield dividends. Hence I will recommend this due to the fact that all tokens are rising gradually after series of fall to the Support zones, hence this recomendable to buy at this point to yield interest in time to come. As shown below

Binnance

Conclusion

In conclusion, based on this post I was able to explain the genesis of this Reserve Right (RSR) token and as well the names of the project behind it and as well their token. Then I was able to run technical analysis on these token pairs of which I carried out the real trading act on the RSR/USDT which actually yielded a dividend at the end of the trade.

Thanks for reading...
Cc: @Fredquantum & @Kouba01
Am @kingworldline