$RLUSD lost a level bulls defended for days. 1H short setup
$RLUSD · SHORT · Conf 75%
Trade Plan:
Entry: 1.0002 - 1.0003
SL: 1.0008
TP1: 0.999964
TP2: 0.999729
TP3: 0.999493
R:R about 0.9 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.
RLUSD/USDT 1.0002, -0.02% over 24h.
Why this setup?
- Price below the 200 EMA, long-term structure bearish
- EMA20 below EMA50, short-term momentum down
- 4H trend leaning down
- RSI(14) at 46.3 with volume x0.00 against the 20-bar average.
- Invalidation is unambiguous: through 1.0008 the idea is simply wrong, so size it so that being wrong is survivable.
Key levels: S n/a | R 1.0007
Debate:
Does RLUSD lose 0.999729, or do the bids at 1.0008 hold and squeeze the shorts?
Trade RLUSD: spot https://www.binance.com/en/trade/RLUSD_USDT | futures https://www.binance.com/en/futures/RLUSDUSDT
$RLUSD #RLUSD #Write2Earn #TechnicalAnalysis #TradingSignals
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.