đš $RLC
â BIG LONG SETUP đ
Most traders are looking at $RLC after this massive move and thinking, âIt has already pumped too much.â
Iâm seeing something different: a short squeeze that may not be finished yet.
Thatâs why Iâm looking to open a LONG on $RLC .
đŻ TP: $1.00
đ SL: $0.60
đ Current: $0.7149 (+87.68%)
Why Iâm still bullish:
There appears to be significant liquidity above the current price, particularly around the $1â$1.50 zone. Funding is also still negative, suggesting that many traders remain positioned short.
That said, Iâm not expecting a straight move up. $RLC could easily pull back toward $0.65â$0.67 first, shake out weak buyers, and give shorts more confidence.
If that happens, Iâll be watching the reaction closely and may consider DCA rather than panic-selling.
â ïž High-volatility setup. Manage risk and DYOR.
#RLC #CryptoTrading #Altcoins
â BIG LONG SETUP đ
Most traders are looking at $RLC after this massive move and thinking, âIt has already pumped too much.â
Iâm seeing something different: a short squeeze that may not be finished yet.
Thatâs why Iâm looking to open a LONG on $RLC .
đŻ TP: $1.00
đ SL: $0.60
đ Current: $0.7149 (+87.68%)
Why Iâm still bullish:
There appears to be significant liquidity above the current price, particularly around the $1â$1.50 zone. Funding is also still negative, suggesting that many traders remain positioned short.
That said, Iâm not expecting a straight move up. $RLC could easily pull back toward $0.65â$0.67 first, shake out weak buyers, and give shorts more confidence.
If that happens, Iâll be watching the reaction closely and may consider DCA rather than panic-selling.
â ïž High-volatility setup. Manage risk and DYOR.
#RLC #CryptoTrading #Altcoins
