$RLC: what a 50% squeeze actually teaches
$RLC went from ~$0.70 to $1.07+ in hours. Most of the feed was calling for a dump before it happened.
The mistake wasn't shorting. It was shorting because it was up.
A pump isn't a signal. A pump that fails to hold is. When shorts crowd in before any rejection, the market has a reason to hunt the liquidity above them. That's what $1 was.
What I'd take from it:
Crowded positioning cuts both ways. Funding tells you who's leaning, not who's right.
Wait for the failure (rejection, lost reclaim), not the extension.
If your stop is "hope," you don't have one.
Where it stands now: price is up ~50% in a straight line. Longs chasing here and shorts guessing the top are both taking low-quality entries. The better trade is usually after the first real pullback, with a defined level.
I'd rather miss a move than force a trade without an invalidation point.
What's your rule for shorting a pump? Mine is simple: no rejection, no trade.
#RLC #Binance #Trading #ShortSqueeze
Not financial advice.
$RLC went from ~$0.70 to $1.07+ in hours. Most of the feed was calling for a dump before it happened.
The mistake wasn't shorting. It was shorting because it was up.
A pump isn't a signal. A pump that fails to hold is. When shorts crowd in before any rejection, the market has a reason to hunt the liquidity above them. That's what $1 was.
What I'd take from it:
Crowded positioning cuts both ways. Funding tells you who's leaning, not who's right.
Wait for the failure (rejection, lost reclaim), not the extension.
If your stop is "hope," you don't have one.
Where it stands now: price is up ~50% in a straight line. Longs chasing here and shorts guessing the top are both taking low-quality entries. The better trade is usually after the first real pullback, with a defined level.
I'd rather miss a move than force a trade without an invalidation point.
What's your rule for shorting a pump? Mine is simple: no rejection, no trade.
#RLC #Binance #Trading #ShortSqueeze
Not financial advice.