RLC is battling below the 0.0350 handle, price slipping into the bearish zone after a sharp break of the recent swing high.
đ´ $RLC SHORT đ â Trade Plan
⢠Entry: $0.920379 â $0.922221
⢠Stop: $0.948939 (-3.0%)
⢠Target 1: $0.907481 (+1.5%)
⢠Target 2: $0.875235 (+5.0%)
⢠R/R 1:1.7 | Confidence 64%
The market structure turned lower with a clear CHoCH, while the CVD turned negative confirming sell pressure. A fresh FVG aligns with the OB at 0.0342, and a liquidity sweep erased the last long stop, creating a tight POI confluence.
A 3.0% stop is relatively tight for a short, so keep leverage around 3-5x to stay safe.
Take half profit around the first target near 0.0325 as the price approaches the next minor resistance.
As always: manage your risk, this is not financial advice đ
$RLC #RLCUSDT #xrpledgerpatchesxrpcreationbug #TradingSignals #Write2Earn
đ´ $RLC SHORT đ â Trade Plan
⢠Entry: $0.920379 â $0.922221
⢠Stop: $0.948939 (-3.0%)
⢠Target 1: $0.907481 (+1.5%)
⢠Target 2: $0.875235 (+5.0%)
⢠R/R 1:1.7 | Confidence 64%
The market structure turned lower with a clear CHoCH, while the CVD turned negative confirming sell pressure. A fresh FVG aligns with the OB at 0.0342, and a liquidity sweep erased the last long stop, creating a tight POI confluence.
A 3.0% stop is relatively tight for a short, so keep leverage around 3-5x to stay safe.
Take half profit around the first target near 0.0325 as the price approaches the next minor resistance.
As always: manage your risk, this is not financial advice đ
$RLC #RLCUSDT #xrpledgerpatchesxrpcreationbug #TradingSignals #Write2Earn