$RLC — nice recovery, but the real test is still ahead.
Bounced hard off the 0.64–0.66 support and is now sitting around 0.867. Momentum has clearly flipped up.
Quick map:
· Next Price: 0.905
· Resistance Zone: 0.955 – 1.035
· Extended Target: 1.075
· Support: 0.755 – 0.785
Here's the thing though — the easy part is done. The real wall is sitting up at 0.955–1.035. Break it cleanly and RLC makes another run at the old 1.075 high. Get rejected there again and expect another retest before the next attempt.
Momentum's improved, no question. But don't confuse a bounce with a breakout. That resistance zone decides everything. 👊#RLC #IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause
Bounced hard off the 0.64–0.66 support and is now sitting around 0.867. Momentum has clearly flipped up.
Quick map:
· Next Price: 0.905
· Resistance Zone: 0.955 – 1.035
· Extended Target: 1.075
· Support: 0.755 – 0.785
Here's the thing though — the easy part is done. The real wall is sitting up at 0.955–1.035. Break it cleanly and RLC makes another run at the old 1.075 high. Get rejected there again and expect another retest before the next attempt.
Momentum's improved, no question. But don't confuse a bounce with a breakout. That resistance zone decides everything. 👊#RLC #IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause