đ RLC's Rocket Just Fired Its Second Stage
This morning it was stuck in a range. This afternoon it's knocking on $1.
For the record, the plan said a break above $0.79 would give the run its next leg. It broke on the heaviest hourly volume of the entire move and ran straight to $0.971. đ
The scoreboard:
From the $0.39 breakout to $0.971, about 2.5x in under a day.
Up roughly 36% from this morning's chop alone.
Now $0.938, with $1.00 sitting just above.
The structure is still clean. The $0.665 to $0.79 range was a pause, not a top. Buyers absorbed the wicks, then broke out with size.
But a few things deserve respect up here.
$1.00 is a giant psychological magnet, and round numbers tend to stall rallies on first touch.
The move is nearly vertical again, with no news catalyst behind it.
And every leg from here trades against holders sitting on 2x gains.
The levels.
Hold $0.90, and the next push at $0.971, then $1.00, stays on.
Lose it, and $0.79, the old range top, should be the first real support.
Below that, $0.665 is the bottom of the range this stage launched from.
Riding a winner is fine. Chasing it at a round number with leverage is how winners turn into lessons.
Clean break through $1, or a pause below it first? đ„
Not financial advice.
$RLC
$HYPE
$NEAR
This morning it was stuck in a range. This afternoon it's knocking on $1.
For the record, the plan said a break above $0.79 would give the run its next leg. It broke on the heaviest hourly volume of the entire move and ran straight to $0.971. đ
The scoreboard:
From the $0.39 breakout to $0.971, about 2.5x in under a day.
Up roughly 36% from this morning's chop alone.
Now $0.938, with $1.00 sitting just above.
The structure is still clean. The $0.665 to $0.79 range was a pause, not a top. Buyers absorbed the wicks, then broke out with size.
But a few things deserve respect up here.
$1.00 is a giant psychological magnet, and round numbers tend to stall rallies on first touch.
The move is nearly vertical again, with no news catalyst behind it.
And every leg from here trades against holders sitting on 2x gains.
The levels.
Hold $0.90, and the next push at $0.971, then $1.00, stays on.
Lose it, and $0.79, the old range top, should be the first real support.
Below that, $0.665 is the bottom of the range this stage launched from.
Riding a winner is fine. Chasing it at a round number with leverage is how winners turn into lessons.
Clean break through $1, or a pause below it first? đ„
Not financial advice.
$RLC
$HYPE
$NEAR
