Technical analysis by MasterAnanda about Symbol RSR: Buy recommendation (4/22/2025)

Here we have a classic ascending triangle. Notice how the low for this pair happened 11-March. It has been rising for a while. Slowly but surely.Rising from the base because the triangles upper boundary was working as resistance. It rejected RSRUSDT in late March and also 12-April. Now, this resistance has been broken and this can be great timing to catch a wave in the making.Looking at other charts, I would show you a bottom without the breakout and tell you to buy and hold. The advantage in this case is having a stop-loss with very low risk and maximum potential for growth. The disadvantage of course is having to wait a long time for the bullish wave to develop. Everything has its pros and cons.When we consider the current chart, the low was hit more than a month ago. Bottom prices are not available anymore but the resistance of the triangle pattern has already been broken, which means that we can experience sudden growth.The advantage here is a smaller waiting time, faster profits; the disadvantage is the fact that we have a limited space for profits and if prices drop there is also plenty of space open before prices reach support. So the stop-loss has higher risk and the profits potential can be lower but the waiting time can be shorter. See how that works?In some instances we can go for the bottom catch with long-term hold. In some other instances, we can wait for breakout confirmation for fast profits. Fast would still require weeks or days.In the first scenario, the waiting can take months. In the second, RSRUSDT can start growing within days.Market conditions can always change. A short wait can turn into a reversal and instead of profits we get a losing trade. That's ok. We are not meant to win them all. The goal is profit big on the winners and the cut the losers short. When a trade goes bad, just let it go. When a trade is doing good, hold strong.Namaste.